Lighter Exchange Introduces Mandatory Staking for Liquidity Pool Participation Translation: Lighter Exchange Introduces Mandatory Staking for Liquidity Pool Participation

Perp-DEX Lighter has introduced staking for its native token, LIT. This feature has become a critical requirement for accessing the platform’s offerings, including the Lighter Liquidity Pool (LLP).

Users are now required to stake coins at a ratio of 1:10 to deposit into LLP. By depositing 1 LIT, participants can contribute up to 10 USDC to the pool. This requirement has taken effect immediately for new users.

Existing stakers have been granted an extension until January 28. During this period, they can maintain their positions without any additional conditions.

The project team has stated that this innovation aligns the interests of token holders and liquidity providers while enhancing profitability metrics adjusted for risk. In the future, a similar mechanism will be implemented for other public pools.

Those who stake 100 LIT or more will be exempt from withdrawal and transfer fees. Additionally, interest accruals are planned, although the exact annual yield has not yet been disclosed by the developers. This feature will be available soon in the mobile application.

Furthermore, the exchange has announced a change in fees for market makers and high-frequency traders. While the base charges will increase, staking LIT will provide discounts. Retail users will continue to trade without incurring fees.

At the time of writing, the price of LIT is $2.07 (-6% over the past day).

It’s worth noting that in December, Lighter conducted an airdrop of LIT worth a total of $675 million, marking it as one of the largest airdrops in the history of the cryptocurrency industry.