Bankless · Monday, July 27, 2026
Vlad Novikovski elaborated on Lighter's mission to create a decentralized exchange platform that is low-cost, low-latency, secure, verifiable, and composable. He highlighted the use of Zero-Knowledge (ZK) proofs as a key technological innovation enabling this, offering a significant step-change beyond previous exchange technologies. Novikovski believes this approach can merge decentralized finance (DeFi) and traditional finance (TradFi) by providing superior verifiability and efficiency.
“And so what's really fun, right, as a technologist. It's like sometimes, like most of the time you're solving problems where... like you're optimizing x at the expense of y and so you know you're making calls and like okay is that still like net net is that the right thing to do or not but sometimes you find these solutions where you can actually improve x and y or x and y and z and that's from i think you those come about kind of once in a generation in the sense that like”
“Low cost, low latency, secure, verifiable, composable. And we can zoom in on what those are and why they're important. I mean, I think low cost and latency are pretty self-explanatory. I mean, I think secure, this is... like after you know security isn't just theoretical concept like we've seen you know we see different you know both in in trad fi and and in crypto right i mean we see like hacks and kind of you know even things like assets being seized i mean there's like security and being able to like actually like hold on to your assets no matter what is really important right”
“I see, and like you had the big exchanges like Coinbase and Kraken and Binance kind of really plow the way of like what actually like compliant and compatible centralized exchanges works with like tradified regulation and all this. With LiDAR, it seems to be that there is somewhat of a step function change in terms of the technology under the hood with the ZK circuits that optimize for latency, but also providing the auditability. That is something that Coinbase can't offer, Binance can't offer, Kraken can offer, Uniswap can't offer, but Uniswap can't offer the speed and the latency of the ZK circuits.”