Lighter will launch LIT token staking functionality on its platform.

PANews reported on January 15th that Lighter announced on its X platform that it will launch a LIT token staking feature. The initial staking benefit includes: for every 1 LIT staked, users will immediately receive 10 USDC in Lighter LLP. There will be a two-week grace period (until January 28th) during which existing LLP holders can retain their funds. After the grace period ends, staked LIT will be required to remain in LLP.

The platform will also adjust premium rates for market makers and high-frequency trading firms, resulting in an overall increase in rates. However, staking LIT will offer a fee discount, with the lowest fee tier remaining around its current level. Retail trading will continue to be free. Staking LIT will generate returns, with the specific annualized rate to be announced later. Initial returns will come from staking rights granted to premium users. Furthermore, staking 100 LIT will enjoy zero withdrawal and transfer fees. The staking feature will be available to mobile users in the coming days.