According to a ChainCatcher report, Lighter announced on the X platform that it will introduce a LIT token staking feature on the Lighter platform. Initial staking utilities include: for every 1 LIT staked, users can immediately deposit 10 USDC into the Lighter LLP. There will be a two-week grace period (until January 28), during which existing LLP holders can retain their funds. After the grace period, staked LIT will be required to remain in the LLP. The platform will also adjust the premium rates for market makers and high-frequency trading firms. Overall rates will be increased, but staking LIT will provide a fee discount, with the lowest fee tier remaining at the current level. Retail trading will continue to be free. Staking LIT will generate income, with the specific annualized rate to be announced later. Initial rewards will come from granting staking rights to advanced users. Additionally, staking 100 LIT will grant zero withdrawal and transfer fees. The staking feature will be available to mobile users in the coming days.
Lighter to Launch LIT Token Staking with USDC Deposit Benefits
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Summary
Lighter is launching LIT token staking with USDC deposit benefits as part of its token launch news. Users who stake 1 LIT will receive 10 USDC in Lighter LLP. A two-week grace period (until January 28) will allow existing LLP holders to retain their funds. After this period, staked LIT must remain in LLP. The platform will increase premium rates for market makers and high-frequency traders, but LIT stakers will receive fee discounts. Retail trading will remain free. Staking LIT will generate returns, with annualized rates to be disclosed at a later date. Staking 100 LIT will grant users zero withdrawal and transfer fees. The feature will soon be rolled out to mobile users. New token listings on Lighter include updated incentives for LIT holders.
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