The founder of Lighter has confirmed that the large-scale LIT token transfers were unrelated to the airdrop, and the app is expected to launch in the ...
TL;DR
Lighter's founder clarified that large LIT token transfers were for investor and team allocations, not the airdrop. The app is set to launch soon, with upgrades and a universal margin system enabling L1 assets as collateral.
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[Lighter Founder Confirms Large LIT Token Transfers Were Unrelated to Airdrop; App Expected to Launch in the Coming Weeks] According to Mars Finance, decentralized order book exchange Lighter is expected to undergo another upgrade in 12 hours, with announcements regarding its TGE token likely to follow soon. In a Twitter Space interview, founder and CEO Vladimir Novakovski confirmed that the large LIT token transfers discovered by the community were unrelated to the airdrop and were instead for managing investor and team allocations. He also revealed that a universal margin system will allow L1 assets to be used as collateral on Lighter, and the mobile app is expected to launch in the coming weeks.