Lighter has launched the LIT staking feature, which unlocks four benefits, including LLP rewards and fee discounts.
Svmuu News: Lighter has announced the launch of its LIT staking feature. The benefits of 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 can be immediately deposited into the LLP. Existing LLP token holders are granted a two-week grace period (through January 28), during which they may retain their original funds. After this period, participation in the LLP will require continuous staking of LIT. 2. Tiered fee structures for market makers and high-frequency trading firms will also be adjusted within two weeks. Overall rates will increase, but staking LIT will qualify users for a fee discount, ensuring that the lowest fee tier remains at its current level. We will announce the specific details of the tiered fee structure several days in advance to allow trading firms time to adjust their algorithms. 3. Staking LIT will generate returns; the annualized yield will be announced immediately upon the feature’s launch. 4. Staking 100 LIT entitles users to zero fees on withdrawals and transfers.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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