In accordance with BlockBeats, on December 30, Lighter withdrew 32.05 million USDC to its treasury address, with approximately 100,000 USDC remaining in the platform's fee wallet. Of the withdrawn amount, around 8.6 million USDC was redeposited into Lighter since October 16, with approximately 7.5 million USDC entering LLP, where generated fees are returned to holders. The remaining 21.9 million USDC was transferred to a Coinbase custody address. Lighter disclosed that its treasury address is hard-coded as account 0 and can be changed via contract mechanisms.
Lighter Withdraws 32.05M USDC to Treasury, 7.5M Enters LLP
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Summary
Lighter made a 32.05M USDC withdrawal to its treasury in on-chain news, with 7.5M entering LLP and fees returned to holders. Around 8.6M was redeposited since October 16, while 21.9M went to a Coinbase custody address. The platform’s treasury address, hard-coded as account 0, can be changed via contract. Crypto news shows the platform left about 100K USDC in its fee wallet.
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