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Gate Square New & Returning Creator Rewards are ongoing!
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#GateTradFi上线 Lighter announced on a certain platform that it will launch a LIT token staking feature on the Lighter platform. The initial staking utility includes: users can immediately deposit 10 USDC into Lighter LLP for every 1 LIT staked. Existing LLP holders have a two-week grace period (until January 28) to retain their funds. After the grace period ends, staked LIT will need to remain in the LLP.
The platform will also adjust the premium fee rates for market makers and high-frequency trading firms. The overall fee rate will be increased, but staking LIT will provide fee discounts, with the minimum fee tier remaining near the current level. Retail trading will continue to be free. Staking LIT can generate returns, with the specific annualized rate to be announced later. The initial earnings will come from staking rights granted to premium users. Additionally, staking 100 LIT will enjoy zero withdrawal and transfer fees. The staking feature will be available to mobile users in the coming days.