Every epoch, cLit adds $LIT to its vaults. The vaults earn. Holders get paid. The position is never sold.
VAULTED $LIT
TODAY
Robinhood perps revenue accrues to $LIT through burns — the asset this reserve compounds
2022
FTX collapses — customer funds lost
FEB 2025
Bybit hacked
2025
onchain perps volume, +346% YoY
NOV 2025
Lighter’s monthly volume — the largest onchain perps venue that month
DEC 2025
$LIT launches — Founders Fund-backed, ~$1.5B valuation
JAN 2026
onchain share of perps, in two years
JUL 2026
Robinhood Chain goes live — with Lighter as its perps engine
TODAY
Robinhood perps revenue accrues to $LIT through burns — the asset this reserve compounds
CENTRALIZED VENUE
revenue → company → shareholders ✕
Revenue leaves the system. Holding the venue’s token entitles you to nothing.
ONCHAIN VENUE
revenue → protocol → the token ✓
Lighter routes revenue to $LIT through burns. The token is the claim on the venue.
Onchain venues went from 2% to ~19% of perps volume in two years. Where revenue accrues to the token, holding the token is holding the venue. cLit compounds $LIT — and pays its holders from the pools.
accumulates $LIT · vaults into DeFi pools · distributes yield in $LIT
Robinhood’s perps engine · revenue accrues to $LIT
tokenized assets · 120+ countries · 24/7
The chain tokenizes the assets. Its own exchange trades them, and that revenue accrues to $LIT. cLit sits on top, accumulating the same asset and routing pool yield to its holders in $LIT.
The protocol accumulates $LIT, epoch after epoch
$LIT is vaulted into DeFi pools earning yield on Lighter performance
Yield is distributed to $CLIT holders in $LIT. The principal never leaves
No staking. No claiming. Yield arrives at your address in $LIT — and the vaulted position only grows.
Bonding, vLIT, lock tiers, compound mode, gauge voting, streaks — six mechanics shipping in phases on top of the vault, each with a live simulator.
VAULTED $LIT
The ledger updates with the first epoch after launch.
STATE
VAULTED
BACKING / 1M $CLIT
GROWTH 30D
EPOCH LOG
YOUR SHARE
The reserve compounds whether you watch it or not.