Lighter Initiates Process for Accessing LLP via LIT Staking

Lighter has announced on the X platform that it has begun the process of accessing LLP through LIT staking, with approximately 56 million LIT already staked. According to Odaily, under the new rules, each staked LIT can cover 10 USDC of LLP quota, and any LLP configuration exceeding this coverage will gradually be returned to users. Starting tomorrow, up to 3% of the uncovered amount, with a maximum of 100 USDC, will be returned daily to the account's USDC balance. Lighter stated that this move aims to align the interests of LIT stakers and LLP holders. Additionally, the LLP allocation rules are now verifiable and have been integrated into the ZK circuit. The platform also announced that in two weeks, traders will be allowed to use LLP as collateral to enhance overall capital efficiency and expand the use cases for LLP and staked LIT.