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Lighter has adjusted its LLP access threshold, requiring a deposit of $LIT and gradually refunding excess configurations.
On its platform X, they have initiated the LLP access granting process by depositing $LIT , with approximately 56 million $LIT đ deposited. According to the new regulations, each deposited LIT can be equivalent to 10 USDC of the allocated LLP; any LLP amount exceeding this limit will be gradually refunded to users. Starting tomorrow, a maximum of 3% of the unrefunded amount, with a maximum of 100 USDC, will be refunded to users' USDC balance each day.
Lighter stated that this move aims to enhance the alignment of interests between the HOLDER and LLP, and that the current LLP allocation rules can now be verified and integrated into the ZK circuit. Furthermore, the platform announced that traders will be allowed to use LLP as collateral in the next two weeks to improve overall capital efficiency and enhance the use cases of LLP and LIT collateral.
#lit #llp #USDC
On its platform X, they have initiated the LLP access granting process by depositing $LIT , with approximately 56 million $LIT đ deposited. According to the new regulations, each deposited LIT can be equivalent to 10 USDC of the allocated LLP; any LLP amount exceeding this limit will be gradually refunded to users. Starting tomorrow, a maximum of 3% of the unrefunded amount, with a maximum of 100 USDC, will be refunded to users' USDC balance each day.
Lighter stated that this move aims to enhance the alignment of interests between the HOLDER and LLP, and that the current LLP allocation rules can now be verified and integrated into the ZK circuit. Furthermore, the platform announced that traders will be allowed to use LLP as collateral in the next two weeks to improve overall capital efficiency and enhance the use cases of LLP and LIT collateral.
#lit #llp #USDC
🚀 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? 💡
Share your opinion or the news of this post with your friends!
$LIT
$USDC
#CryptoNews #LITStaking #LLP #BlockchainInnovation #cryptoupdates2024
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? 💡
Share your opinion or the news of this post with your friends!
$LIT
$USDC
#CryptoNews #LITStaking #LLP #BlockchainInnovation #cryptoupdates2024
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