The CEO of @Lighter_xyz just did an interview in Russian. I took the transcript from YouTube and asked ChatGPT to summarize it. There's some key points here not mentioned in English speaking spaces or interviews previously. 1. Security (2FA): Optional 2-factor for withdrawals is on the roadmap. Vlad notes it’s helpful but not a silver bullet (attackers could still trade against you), so users should also harden overall op-sec. 2. Spot launch & fees: Spot goes live ~late Oct / early Nov. First listings will be core assets (ETH, BTC; possibly WBTC), then selected memecoins/partners. Fees will be zero or very low (lower than competitors); exact schedule to be announced. 3. Roadmap highlights (next ~6–12 months): Cross-Margin by year-end (use Spot as collateral for perps). EVM “sidecar”/smart-contract extensibility early next year (custom apps that share collateral with the exchange). RWA derivatives (metals first; crypto-adjacent equities like COIN, etc.) targeted for year-end; options next year; dark pools later next year. 4. Ecosystem strategy: Built atop Ethereum (L2-style), so DeFi apps like Aave/Morph/Uniswap can integrate natively—no need to reinvent an ecosystem or bridge. Example: tokenize LLP as an ERC-20 for L1 use; external DeFi positions can be used as Lighter collateral. 5. Revenue model & transparency: Retail trading via GUI is free; pro MM/HFT flow pays a (still low) fee tier, which has driven revenue above expectations. Lighter will publish revenue soon once tiering rules are finalized. 6. Airdrops, points, and token: 25–30% of tokens earmarked for Season 1 + Season 2 points airdrop; total community allocation = 50% (rest used for future airdrops/partners/grants). Season 2 runs up to (roughly) TGE; weekly Friday grants resume (this week a larger drop to catch two weeks, then ~weekly cadence). Expect buybacks and multiple token utilities: access to exclusive/experimental LP pools & markets, lower fees for MMs, potential staking; governance deferred until the system is more decentralized (likely ≈2 years). 7. Sybil Detection: Multi-account self-trading to farm points is detected; past points aren’t clawed back, but future points go to zero for offenders. True high-speed traders may be placed in the premium (paying-fee) tier even if they click via GUI. 8. Market view: After the recent volatility, Vlad expects 1–2 weeks of range-bound chop (buy-low/sell-high regime). Key takeaway: tighten risk management to avoid liquidations when the next shock hits.