Blog
Notes on how Lean works, and why.
Written by the team.
Tokens that lean long
A launchpad being built on Pons, where part of a token's creator-recipient fees funds a long for its holders. The intended flow, the fee split and the risks.
Why every token gets its own Lighter account
Separate accounting for each strategy makes balances, funding and redemption liabilities easier to inspect. It does not remove shared infrastructure risk.
Pre-IPO markets and cash mode
A strategy needs a defined path when its chosen market stops accepting trades. Cash mode changes where new funds go; it cannot guarantee a loss-free exit.
How units are allocated
Daily holding time, exact integer arithmetic and cumulative proofs. The rules implemented for deciding who receives new units.