Odaily Odaily reports that Lighter has announced the launch of its LIT staking feature, with the following benefits available through staking:
1. Users who stake LIT will gain eligibility to participate in LLP (Lighter Liquidity Pool). For every 1 LIT staked, 10 USDC will be immediately deposited into LLP. Existing LLP holders have a two-week grace period (ending January 28th) during which they can retain their existing funds. After this period, participation in LLP requires continuous staking of LIT.
2. The tiered fee rates for market makers and high-frequency trading firms will also be adjusted within two weeks. Overall rates will increase, but staking LIT will qualify for a rate discount, keeping the lowest rate tier at its current level. We will release the detailed tiered fee rate rules several days in advance to allow trading firms to adjust their algorithms.
3. You can earn returns by staking LIT. The annualized rate of return will be announced immediately after the feature is activated.
4. Pledge 100 LIT tokens to enjoy zero transaction fees for withdrawals and transfers.
