The rent-free account standard for Solana. SDKs for scaling Payments, Privacy and more.
Solana
Joined September 2021
- Tweets370
- Following9
- Followers15.4K
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Light Protocol retweeted
if youre on Solana and haven't thought about @HeliusPrivacy, I humbly advise you to start here:
helius.dev/docs/privacy
if youre on Solana and haven't thought about @HeliusPrivacy, I humbly guarantee you will fall behind your competitors and your users' wants
ZK at Solana scale is a hell of a challenge, but we've done it and it will change Solana permanently
get in touch
Light Protocol retweeted
Human verification needs to scale to billions of users. That’s why we’re partnering with @LightProtocol.
Using ZK Compression, VeryAI records verification events on @solana with compressed accounts that are ~5,000× cheaper than standard accounts.
The result: verifiable onchain proofs without exposing user data.
Proof of Reality for the new internet.
Light Protocol retweeted
proud of the engineering work behind the new rent free token program
it’s like SPL token, but you don’t have to pay rent exemption to allocate accounts.
the token program pays it for you!
how?
the token program separates hot and cold paths under the hood
Say you have a market USDC-BONK
the market is being traded, it’s a highly CU optimized onchain account. Just like SPL and p-token. That’s the hot path.
when the market is inactive, it slowly gets colder, and eventually gets compressed. the state is preserved rent-free using zkcompression. that’s the cold path.
all this is done under the hood! programs interact with hot path only.
if a txn uses a cold account, it gets auto loaded into hot state in-flight.
and importantly — the unified tokenInterface API lets traders, programs, and clients add support fast.
Like adding a third token program to SPL and token22.
hot/cold usage patterns are already what what happens across markets and token APIs in Solana DeFi. the Light token program now applies this to the account storage side to allow sustainable removal of the rent exemption cost.
it’s the first-order correct design for a token program for DeFi and payments that both IBRL‘s **and** solves state growth for @solana.
tldr: rent free defi, launchpads and AMMs are possible on Solana now!
Today, we're introducing the Light token program, a high-performance token standard for rent-free DeFi on @solana.
It reduces the cost of allocating onchain accounts by 200x while being more CU efficient than SPL-token on hot paths.
Light Protocol retweeted
Stop paying rent
We teamed up with @LightProtocol to bring a new way to interact with compressed accounts like normal Solana accounts
The cost savings of compression with the devEX of Solana 🧵👇
Light Protocol retweeted
BREAKING: @LightProtocol announces Light Token, a new token standard on Solana that's 200x cheaper than SPL and fully DeFi-compatible ⚡️
Light Protocol retweeted
biggest product announcement in the history of @lightprotocol yet
next week
Light Protocol retweeted
what if you had 200x lower rent on solana
without the UX and performance tradeoffs previously associated with compression
i’ll be at @solanaconf to present our latest work
see ya there!
Light Protocol retweeted
Built a zk ID example with compressed accounts.
- private onchain id verification with Groth16 zk proofs
- compressed pdas to nullify id verification for an event
- no custom indexer required, Rpcs already index compressed accounts in state trees
link below
Light Protocol retweeted
PSA for Solana Cypherpunk builders.
I'm doing a ZK Compression workshop with @MikePawel and @SuperteamDE
this friday, 2 PM (WEST)
you'll learn
> how to use rent-free accounts
> how zk compression works
> live demo & q&a
luma link below
Light Protocol retweeted
.@LightProtocol building some of the most interesting tech on solana that I've seen
Light Protocol retweeted
What do a crypto Venmo, a "pokémon GO with crypto rewards", and a Perps DEX have in common?
they all won a prize in this ZK Compression hackathon
lots of goodies in here
the early alfa is devs use zk compressed tokens to create awesome and scalable consumer UX.
love to see it. this summer is for Accelerating
150 final submissions, 6 winners.
Together with our co-sponsors @heliuslabs and @solanafndn, we’re excited to reveal the winners of the 1000x ZK Compression Hackathon.
Light Protocol retweeted
First Solana token airdrop to @farcaster_xyz users (using zk compression!). We've got 4 more Solana token airdrops lined up totaling $80k. DM me if you're interested in running an airdrop
Light Protocol retweeted
.@lindaxie and the whole Farcaster team are 🐐🐐🐐
they’re embracing reward distribution as means of acquiring and engaging users
and they’re now using ZK Compression to power this on Solana at scale
Light Protocol retweeted
The leading global issuer of digital wallet passes is shipping on @solana with ZK Compression.
Accelerate
Join me and @nicocary at @SolanaConf later today! We'll be talking about Web3 loyalty and how @PassEntry is bridging digital mobile wallets and the blockchain.
Event details 👇🏼
