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Crypto DeFi

Lighter Adds weETH as Perpetual Futures Margin with 1,000-Token Platform Cap

Decentralized perpetuals exchange Lighter now accepts ether.fi’s liquid staking token weETH as collateral for perpetual futures trading. weETH carries a 70% loan-to-value ratio against index price and an 85% liquidation threshold, with a per-user supply cap of 800 tokens and a platform-wide cap of 1,000. Lighter previously supported ETH and XAUT as multi-asset margin.

Original source

AI take

Accepting a liquid staking token as perp margin deepens the yield-bearing collateral trend, but the tight 1,000-token platform cap signals Lighter is testing risk appetite rather than scaling it. The gap between 70% LTV and 85% liquidation threshold leaves a thin buffer, so weETH's secondary-market liquidity under stress is the real test. It matters most for ether.fi's collateral footprint and for traders weighing yield against liquidation risk; whether the cap is raised or the parameters tighten after early usage is the open question.

Generated by AI for reference only.

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