Lighter Launches LIT Staking with Four Benefits, Including LLP Access and Fee Discounts

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Lighter has launched LIT staking, offering four key benefits, including access to the Lighter Liquidity Pool (LLP). Stakers receive 10 USDC per LIT in the pool, and existing users have until January 28 to retain their funds. Additional benefits include fee discounts, yield rewards, and zero withdrawal fees for those staking 100+ LIT. As alternative cryptocurrencies gain momentum, LIT staking could impact the fear and greed index, as more traders look for yield-generating opportunities.

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.

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