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Lighter has launched the LIT Staking feature, allowing users to stake 100 LIT to waive withdrawal and transfer fees.
BlockBeats News, January 15th, Lighter officially announced that users can now stake the LIT token on the platform and enjoy multiple benefits:
· For every 1 LIT staked, users can deposit 10 USDC to the LLP and start earning immediately. Existing LLP users will enjoy a two-week grace period until January 28th, after which staking LIT will be a requirement to continue depositing.
· The staking mechanism will enhance the alignment of interests between LIT holders and LLP users, optimize LLP's risk-adjusted returns, and will also be extended to other public pools in the future, achieving the democratization of on-chain hedge funds.
· Transaction fees for market makers and high-frequency trading firms will be adjusted within two weeks, generally increased, but staking LIT will provide a discount, keeping the minimum fee rate at the current level; retail trading will remain free.
· Staking LIT will generate income, with initial returns coming from staking rights granted to advanced users. The APR will be announced after activation.
· Additional benefits: Staking 100 LIT will waive withdrawal and transfer fees, and staking functionality for mobile users will be launched soon.
· Early participants can unlock a 1.3× points multiplier, improve their ranking on the leaderboard, and receive future LIT rewards, with the "Founding User" status limited to early participants only.
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