litstaking

🚀 Lighter starts the journey to LLP through Staking for LIT!

The Lighter team announced an exciting new step on platform X: accessing LLP is now possible through LIT Staking, with nearly 56 million LIT already staked! 😮

Here are the key details:

Each staked LIT covers 10 USDC of LLP share.

Any LLP share exceeding this limit will be gradually returned to users.

Starting tomorrow, 3% of the uncovered amount will be returned daily, up to a maximum of 100 USDC, directly to your USDC balance. 💰

🎯 The goal of this step:

Align the interests of LIT and LLP holders.

Make the distribution of LLP verifiable and integrated into the ZK circuit.

After two weeks, LLP will be allowed to be used as collateral to enhance capital efficiency and expand the uses of both staked LLP and LIT.

🔥 This is an amazing opportunity for every trader who wants to utilize their tools smarter and faster!

Are you ready to experience this new feature? 💡
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