Lighter code reveals fully USDC-collateralized prediction market in development
- —A "Binary options support" commit appeared in Lighter's code repository, PANews reported on September 23
- —Each market sets a payout cap: shares trade between 0 and the cap and settle at either 0 or the cap
- —Contracts are fully collateralized in USDC, so leverage and forced liquidations do not apply
- —The code outlines a market operator model where only whitelisted addresses can create and settle markets
Why it matters: If shipped, the feature would tie prediction markets into Lighter's existing orderbook infrastructure, stepping up competition with Hyperliquid's HIP-3 model.
Source: TokenPost