What is Light (LIGHT)?

Deep Dive

1. Purpose & Value Proposition

$LIGHT is the economic backbone of Heaven, a Solana ecosystem project combining an automated market maker (AMM) for trading and a launchpad for token launches. Its core innovation is the “god flywheel”: every dollar of fees generated by Heaven (e.g., from swaps or launchpad services) is used to buy $LIGHT from the open market and permanently burn it (NullTX). This creates a deflationary feedback loop where increased platform usage directly reduces $LIGHT’s supply.

2. Technology & Architecture

Heaven operates on Solana, leveraging its high-speed, low-cost infrastructure. The AMM uses a constant product formula (x·y=k) for pricing, common in decentralized exchanges. However, its unique liquidity dynamics stem from allocating only 5% of its $23.6M initial raise to seed the liquidity pool, intentionally keeping liquidity thin to amplify price impacts from buybacks (The Defiant).

3. Tokenomics & Governance

$LIGHT’s supply is capped at ~950M tokens, with ~494M circulating. The protocol’s revenue—not profit—is fully directed to buybacks. For example, $864K in fees over three days (as of August 2025) triggered burns equivalent to 1.85% of supply, showcasing its hyper-deflationary design. No explicit governance framework is mentioned, suggesting centralized control over revenue allocation.

Conclusion

$LIGHT is a deflationary token powering Heaven’s Solana-based DEX and launchpad, with its value proposition hinging on reflexive buybacks. While its mechanics incentivize platform growth, sustainability depends on maintaining high revenue and addressing liquidity risks. Could Heaven’s thin liquidity model withstand bear-market selling pressure without destabilizing $LIGHT’s price?