Lighter launches the LIT staking feature, staking 100 LIT exempts withdrawal and transfer fees.

On January 15th, Lighter officially announced that users can now stake LIT tokens on the platform and enjoy multiple initial benefits: · Staking 1 LIT immediately deposits 10 USDC into LLP. Existing LLP users will have a two-week grace period until January 28th, after which staking LIT will be a condition for continued deposits. · The staking mechanism will strengthen the alignment of interests between LIT holders and LLP users, optimize LLP risk-adjusted returns, and will be extended to other public fund pools in the future to realize on-chain hedge fund democratization. · Transaction fees for market makers and high-frequency trading institutions will be adjusted within two weeks, generally increased, but staking LIT will offer discounts, with the minimum fee rate remaining at the current level; retail traders will still trade for free. · Staking LIT can generate yields, with initial returns coming from staking rights granted to advanced users; APR will be announced after activation. · Additional benefits: staking 100 LIT can waive withdrawal and transfer fees, and the staking feature for mobile users will be launched soon. · Early participants can unlock a 1.3× points multiplier, improve their ranking on the leaderboard, and receive future LIT rewards. The “Founding User” status is limited to early participants.