Decentralized perpetual contract exchange Lighter announces the launch of the LIT staking feature. Users need to stake the platform's native token LIT to provide liquidity to the Lighter Liquidity Pool (LLP). The staking to deposit ratio is 1:10 (1 LIT can unlock up to 10 USDC deposit). This rule has been effective for new users. Existing LLP deposit users will have a two-week transition period ending on January 28. After that, users who do not stake LIT will no longer be able to stay in the pool. (The Block)
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Decentralized perpetual contract exchange Lighter announces the launch of the LIT staking feature. Users need to stake the platform's native token LIT to provide liquidity to the Lighter Liquidity Pool (LLP). The staking to deposit ratio is 1:10 (1 LIT can unlock up to 10 USDC deposit). This rule has been effective for new users. Existing LLP deposit users will have a two-week transition period ending on January 28. After that, users who do not stake LIT will no longer be able to stay in the pool. (The Block)