LIT- Robinhood Perps PlayLIT / Tether PERPETUAL FUTURESMEXC:LITUSDT.PdoublechonkLIT reclaimed the 0.5 of the recent leg and is holding above it. Watching the imbalance below for the retrace entry. Entry: ~$2.14 Stop: below $2.08 Target: $3.00+ Roughly 10R+ if it plays out. ━━ WHY ━━ Robinhood's perpetuals run on Lighter's engine inside Robinhood Wallet. Revenue splits 50/50, and since the June 30 tokenomics change Lighter's half buys LIT on the open market and burns it permanently. First burn removed 15.64M LIT on July 10 — about 6.3% of circulating supply. Only ~25% of total supply is unlocked. Burn currently runs ~30.6M LIT/year against that float. ━━ THE CLOCK ━━ Insider tokens (50% of supply) come off cliff December 27, then vest linearly over three years roughly 167M/year against a 30.6M/year burn. Unlock outruns burn about 5:1 from that date. The window is the next four months, not the year. ----- Educational content. Not financial advice. Trading derivatives carries substantial risk of loss. Buying the burn, or waiting for the December cliff?