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Lighter Launches LIT Staking Feature, Unlocking LLP Rights and Fee Discounts
Summary: In a recent announcement, Lighter has introduced a new LIT staking feature, offering several benefits for stakers. These include eligibility to participate in the Lighter Liquidity Pool (LLP), the ability to deposit 10 USDC into LLP for every 1 LIT staked, and a grace period for existing LLP token holders until January 28th. Additionally, stakers ...
In a recent announcement, Lighter has introduced a new LIT staking feature, offering several benefits for stakers. These include eligibility to participate in the Lighter Liquidity Pool (LLP), the ability to deposit 10 USDC into LLP for every 1 LIT staked, and a grace period for existing LLP token holders until January 28th. Additionally, stakers will receive fee discounts for market makers and high-frequency trading firms, with specific details to be announced in advance. Staking LIT will also generate profits, with the annualized yield to be disclosed upon activation. Furthermore, staking 100 LIT tokens will waive withdrawal and transfer fees.
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Link: Lighter Launches LIT Staking Feature, Unlocking LLP Rights and Fee Discounts [Copy]
