1. We’ve told you WHO Fuego is. 2. We’ve told you WHY Fuego exists. 3. We’ve shared HOW Fuego works. 4. Today, we explain WHAT Fuego is: > Fuego is not just an art project. > Fuego is the community layer built alongside Lighter, designed to reward active traders and strengthen the Lighter trading community. > 90% of Fuego mint proceeds will be committed directly into Lighter’s LLP. > That commitment is focused on two core outputs: (1) Large scale, recurring trading competitions on Lighter, built for real traders, with meaningful and scalable prize pools. Participation will require Fuego ownership. (2) Strategic $LIT and Fuego buybacks with long term treasury building, with resources directed toward additional prizes and community initiatives (such as the 23 global events we helped host December). > Fuego is designed to grow and scale alongside Lighter over the long term. > Already trading on Lighter? Fuego converts trading skill into recurring, performance-driven rewards. > Not trading on Lighter yet? Fuego is your entry into a trader-first community built by early Lighter OGs and Amigos. > You now know "WHO", "WHY", "HOW", and "WHAT". Stay tuned for the "WHEN" 🕯️

It's time for $LIT It's time for Fuego Federation 🕯️🕯️🕯️

Here is a summary of the spaces for those who couldn't tune in: 1. Builders will have the ability to deploy their own spot and perpetual markets, may possibly have $LIT holding requirements. 2. Mobile - A dedicated mobile application is scheduled for release. Stay tuned in the coming weeks. 3. LLP Access - Staking $LIT could be a requirement for participants to access the Lighter Liquidity Pool (LLP) earning 30% APY 4. Airdrop - 50% of the total token supply is allocated to the community. 5. Asset Expansion - conversations have taken place to integrate Robinhood tokenized stocks. 6. Native USDC support is planned soon. 7. Universal Margin - A future update may enable Universal Margin, allowing users to utilize multiple assets as collateral for trading. 8. The ecosystem is designed so that value accrues directly to the $LIT token rather than to equity. 9. Recent large token transfers to the exchange were for the secure custody of investor and team allocations, not for airdrop distribution. 10. Lighter is not attempting to "rebuild DeFi" in isolation; the focus is on enhancing and integrating with the existing Ethereum ecosystem. Stay Lighter! Stay Fuego 🕯️

I am Fuego You are Fuego We are Fuego 🕯️

Who is Fuego? I am Fuego You are Fuego We are Fuego 🕯️

Why Fuego? > Fuego is an attempt to modernize one of Kurt Koffka's concepts: "The Whole is Greater Than the Sum of Its Parts." > The whole is something different from the sum of its parts, because summing is meaningless. But a whole network, unified, is powerful beyond measure. > @vnovakovski showed us this was possible, but he cannot do it all alone. That's why Fuego exists 🕯️ > Deep down, within every one of you who tried trading on Lighter exists a flame. At the start, that flame may have been small. But it grew. It grew because of you. > Few… truly believed a low latency, fully verifiable, secure DEX supported by Ethereum could be built by Vlad and the team. > Few… truly believed the vision could expand to FX perps, equity perps, and soon spot + options. > If you're reading this tweet, you are among the few. > It takes courage, wisdom, spirit, and a fire within to be among the few 🕯️ > They said there would only ever be one. > They said it couldn't be done. > They said “zero fees wouldn’t work.” They said a lot of things… >And despite all of that… the fire within you never died out. > It always prevailed. That’s fire. That’s Fuego. > And that is why Fuego is important to the core culture and spirit of @Lighter_xyz. > Who is Fuego? I am Fuego. You are Fuego. We are Fuego. > Why Fuego? The Fuego Federation's dual mandate: (1) Support the growth of the Lighter ecosystem (2) Ensure the long term durability of the spirit and flame that is Fuego > You now know the WHO Fuego and the WHY Fuego... > Notifications on to learn about the WHAT, HOW and WHEN🕯️