A recent commit in Lighter’s prover codebase points to possible binary options functionality, according to an X post published by user @UngusTrade on Sept. 21. The commit, titled "Binary options support," describes a zero-knowledge circuit intended to support Lighter. Code referenced in the post shows a standard binary-outcome contract design in which each market has a settlement cap, with prediction markets typically set at 100. Shares trade between 0 and that cap, then settle at either 0 or the cap.
The implementation is described as fully collateralized in USDC, with no leverage and no liquidation. The circuit also appears to support continuous markets, allowing settlement at any value within a range rather than only yes-or-no outcomes. That would make contracts based on measured values possible. The post also said Lighter may let whitelisted operators create, manage, and settle markets under a deployment model similar to HIP-3. Lighter had not publicly commented on the matter at the time of publication.
ChainCatcher reported that an X post from @UngusTrade on Sept. 21 said Lighter’s prover repository recently added a commit titled "Binary options support." The commit describes a zero-knowledge, or ZK, circuit designed to support Lighter.
According to code details cited in the post, the implementation uses a standard binary-outcome contract. Each market has a settlement cap, with prediction markets typically set at 100. Share prices trade between 0 and the cap, then settle at either 0 or the cap.
The contracts are fully collateralized in USDC, with no leverage and no liquidation mechanism.
The circuit also supports continuous markets, allowing settlement at any value within a range. That would enable contracts tied to measured values rather than only yes-or-no events.
The post added that Lighter may allow whitelisted operators to create, manage, and settle markets in a deployment model similar to HIP-3.
Lighter had not commented publicly as of publication.
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