Is Lighter custodial? Who holds your funds?
No. Lighter is listed as non-custodial: your funds stay in a wallet you control, not with the venue.
Checked 2026-10-17 · 3 sources- Users connect their own wallet; the Terms describe the Protocol as autonomous software on an Ethereum Layer 2 and require users to own the wallet they connect.
- Non-custodial does not mean risk-free. Smart-contract bugs, phishing and malicious approvals can still lose funds.
- We list 2 reported incidents for Lighter on its legit check.
Sources: Lighter Docs: Trading Fees · Lighter Docs: LIT Fee Credits · Lighter Docs: Referral Program. The venue's own page wins if it disagrees with ours.
Lighter
Perp DEX · 0% round trip. Lighter is an order-book perpetuals and spot exchange running as a ZK rollup on Ethereum, operated by Elliot Technologies, Inc. Its default Standard account trades with zero maker and taker fees; lower-latency Premium and Plus accounts pay fees.
Full Lighter sheet: fees, custody, incidents →