Lighter announces staking-based LLP access with daily USDC refunds for excess allocation, aiming to enable LLP as trading collateral within two weeks.
Lighter has introduced an LLP access mechanism mandating users to stake LIT tokens, with each LIT pegged to 10 USDC in allocation. Excess LLP allocation will be refunded daily starting tomorrow, capped at 3% or 100 USDC, credited directly to users' USDC balances. In two weeks, LLP will be eligible as collateral to enhance capital efficiency on the platform.