Perpetuals Don’t Close With Wall Street 👀
$LIT is expanding perpetual markets beyond crypto, and $PYTH has entered the conversation through its 24/7 indices.
The part I care about is what happens after the underlying exchange closes.
A perpetual venue can stay active through the night, across weekends and during exchange holidays. Traders can still open positions, manage risk and face liquidations. Using the final exchange print for all those hours leaves the market anchored to a price formed before newer information arrived.
Lighter is exploring Pyth Indices as a potential component of its pricing stack for real-world asset markets. These indices use defined methodologies to provide continuous pricing for supported equities, commodities, metals, FX and futures when their traditional venues may be offline.
One detail deserves emphasis: a 24/7 index does not mean the underlying stock or commodity is trading continuously. It gives an always-open product a methodology for the hours when its reference market is closed.
I think this is where RWA perpetuals become a market-structure problem rather than a listing race. Adding another ticker is easy. Keeping its pricing and liquidations credible at 2 a.m. on Sunday is the harder job.
Lighter is still evaluating Pyth Indices, subject to final technical and commercial decisions. Adoption is the next milestone worth watching.
#Altcoin Season# #RWA
$LIT is expanding perpetual markets beyond crypto, and $PYTH has entered the conversation through its 24/7 indices.
The part I care about is what happens after the underlying exchange closes.
A perpetual venue can stay active through the night, across weekends and during exchange holidays. Traders can still open positions, manage risk and face liquidations. Using the final exchange print for all those hours leaves the market anchored to a price formed before newer information arrived.
Lighter is exploring Pyth Indices as a potential component of its pricing stack for real-world asset markets. These indices use defined methodologies to provide continuous pricing for supported equities, commodities, metals, FX and futures when their traditional venues may be offline.
One detail deserves emphasis: a 24/7 index does not mean the underlying stock or commodity is trading continuously. It gives an always-open product a methodology for the hours when its reference market is closed.
I think this is where RWA perpetuals become a market-structure problem rather than a listing race. Adding another ticker is easy. Keeping its pricing and liquidations credible at 2 a.m. on Sunday is the harder job.
Lighter is still evaluating Pyth Indices, subject to final technical and commercial decisions. Adoption is the next milestone worth watching.
#Altcoin Season# #RWA
