Huo Xing Cai Jing reports that Lighter officially posted on X, stating that it has completed the escape mechanism verification by third-party L2BEAT. This means that even if the sequencer on the L2 layer fails, users can withdraw their funds from Lighter’s L2 back to Ethereum without permission—making Lighter the first L2 Perp DEX in the industry to achieve this functionality.
Lighter Completes Verification of the L2 Exit Mechanism, Enabling Withdrawals During Sequencer Outages
MarsBitShare
Summary
Lighter has completed verification of its L2 exit mechanism with L2BEAT, enabling users to withdraw funds to Ethereum during sequencer outages. This is the first time a Perp DEX on L2 offers trustless withdrawals. Traders using crypto trading strategies can now rely on a more secure risk-to-reward ratio, as the feature reduces counterparty risk. Lighter’s update supports safer execution of on-chain positions.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.