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Lighter will launch the LIT token staking feature on its platform
CoinWorld.net January 15 News, Lighter announced on X 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. There will be a two-week grace period (until January 28), during which existing LLP holders can retain their funds. After the grace period ends, staked LIT will be required to remain in the LLP. The platform will also adjust the premium fee rates for market makers and high-frequency trading firms, with overall rates being increased, but staking LIT will offer fee discounts, with the minimum fee tier remaining around the current level. Retail trading will continue to be free. Staking LIT can earn yields, with the specific annualized rate to be announced later; 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.