Odaily Planet News: Lighter has announced the launch of LIT staking functionality. The benefits available through staking are as follows:
1. Users who stake LIT will gain eligibility to participate in the LLP (Lighter Liquidity Pool). For every 1 LIT staked, 10 USDC will be immediately deposited into the LLP. Current LLP token holders have a two-week grace period (until January 28) during which they can retain their existing funds. After this period, continued participation in the LLP will require ongoing staking of LIT.
2. The tiered fee rates for market makers and high-frequency trading firms will also be adjusted within two weeks. Overall rates will increase, but a discount will be provided for staking LIT, keeping the lowest tier rate at its current level. We will announce the specific tiered fee details several days in advance to allow trading firms to adjust their algorithms.
3. Staking LIT generates rewards, and the annualized rate of return will be immediately announced once the feature becomes effective.
4. Stake 100 LIT to enjoy zero fees for withdrawals and transfers.


