LighterOTC

LighterOTC White Paper

Overview

LighterOTC is a secure Over-The-Counter (OTC) escrow platform for buying and selling Lighter Points. Built with trust, and user protection at its core, LighterOTC ensures that OTC trades are executed safely and efficiently.

Why LighterOTC?

🔐 Multisig Escrow Security

LighterOTC uses a multisignature wallet system including:

• Rijk
• Pasta Capital
• Sigmasquared
• Bobdbldr

This ensures that no single party can access or move funds independently.

💰 Fair & Transparent Fees

• 1.5% of collateral from the buyer
• 1.5% of collateral from the seller
• For example, if you buy or sell $1,000 worth of Lighter Points, the fee would be $15 (1.5% of the collateral, the collateral is 100% for both parties)

Fees are applied when placing a bid or ask or requesting to fill a bid or ask. Fees are non refundable when: Your bid/ask is filled and you want to cancel your bid/ask. Your fee is also non refundable when trying to manipulate the other buyer or seller and Rijk0x. When you cancel a bid or ask, (that is not filled) you will need to wait 48 hours before placing another bid or ask. It is allowed to higher your bid, or lower your ask. It is not allowed to lower your bid or higher your ask. If you cannot uphold to these rules the fee is non refundable.

⚙️ How It Works

1. Initiate Trade
   Reach out through our Telegram channel and @rijk0x with trade details in the following format: Selling/Buying: XXX | Type: Points/Tokens| Name: Lighter Points/Tokens | Size: Points Quantity and $ per point.

2. Deposit Collateral
   Both parties deposit funds into the multisig escrow wallet, both parties deposit 100% collateral.

3. Verification
   Assets are verified, and terms are confirmed.

4. TGE
   Shortly after TGE, funds are released securely. If the seller fails to uphold their end of the agreement — such as not transferring points after TGE — the buyer will receive both parties’ collateral as compensation.

🎯 Our Mission

LighterOTC aims to strengthen the Lighter ecosystem with a trustworthy OTC solution. In short: Creating a Lighter community and a safe OTC platform.

🔗 Contact & Socials

• Telegram Channel: @LighterOTC
• X (Twitter): https://x.com/LighterOTC

Contact Owner Directly:

• Telegram: @rijk0x
• X (Twitter): https://x.com/Rijk__

Contact of Co-Signers:

• Pasta Capital: https://x.com/Pasta_Capital
• Sigma Squared: https://x.com/SigmaSquared_/status/1940455399641305181
• Bobdbldr: https://x.com/0xBobdbldr

💼 Wallets

✍️ Multisig Wallet:

• https://arbiscan.io/address/0x67bCF0f0B0FF84352627CD9cf88ec4e21e04c804

🧾 Fee Wallet:

• https://arbiscan.io/address/0xc88B4228F76Ac9605Bb41aD1Fc8e24A8AC1A1517

📢 Disclaimers

❗Impersonation Warning

• LighterOTC is not responsible for any losses incurred due to users engaging with impersonators of @rijk0x, buyers, or sellers. Users must verify the party they interact with. Always confirm that you are communicating with official LighterOTC administrator. Official Admin Contact: @rijk0x on telegram
• The Co-signers (Bobdbldr, Pasta Capital and Sigma Squared), will never contact you regarding a points deal, only if Rijk0x told you so.

⚠️ Token Transfer Disclaimer

• We are not responsible for the loss of funds due to incorrect token transfers across unsupported networks or wrong adresses (e.g., Solana or other L1s/L2s). Ensure you are using the correct network and address, LighterOTC takes collateral and fees in USDC on the ARBITRUM network.

This white paper is a document and may be updated to update on improvements and additional features in the LighterOTC platform.