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Lighter launches LIT staking admission mechanism: LLP quota is bound to staking amount, and the uncovered portion will be gradually returned.
BlockBeats News, January 29 — Lighter officially announced on social media that it is launching a new regulation — users must stake LIT tokens to gain access to LLP.
For the portion of LLP allocation exceeding the coverage of staked LIT (each LIT covers 10 USDC), the official will gradually return it to users. Starting tomorrow, up to 3% of the uncovered quota or 100 USDC will be returned daily (whichever is higher), and the returned funds will be directly credited to the user’s USDC balance.
This mechanism aims to enhance the alignment of interests between LIT stakers and LLP holders. More importantly, the LLP allocation quota is now verifiable, and the related rules have been encoded into zero-knowledge proof (ZK) circuits.
The official stated that in two weeks, traders will be able to use LLP as collateral assets. This will significantly improve the capital efficiency of the Lighter platform and further promote the practical utility of LLP and staked LIT.