Lighter Launches LLP Access Threshold Adjustment, Requiring LIT Staking and Gradually Returning Excess Allocations

Odaily News Lighter announced on platform X that it has initiated the process for obtaining LLP access rights through staking LIT, with approximately 56 million LIT tokens already staked. According to the new rules, each staked LIT token covers an LLP quota of 10 USDC. LLP allocations exceeding this coverage will be gradually returned to users. Starting tomorrow, up to 3% of the uncovered amount, with a maximum of 100 USDC, will be returned daily to the user's USDC balance.

Lighter stated that this move aims to strengthen the alignment of interests between LIT stakers and LLP holders, while the LLP distribution rules are now verifiable and have been encoded into a ZK circuit. Furthermore, the platform announced that it will allow traders to use LLP as collateral in two weeks to enhance overall capital efficiency and expand the use cases for both LLP and staked LIT.