PANews reported on January 29th that Lighter announced the launch of its LLP access mechanism, requiring users to stake LIT tokens to gain LLP access. For any LLP allocation exceeding the 10 USDC coverage limit per LIT, the official team will gradually return the excess amount. Starting tomorrow, a maximum of 3% or 100 USDC (whichever is higher) of the uncovered amount will be returned daily, with the returned funds directly deposited into the user's USDC balance. Two weeks later, traders can use LLP as collateral to improve the efficiency of Lighter's platform funds and further leverage the practical utility of LLP and staking LIT.
Lighter implements an LLP access mechanism: LIT must be staked to gain LLP access.
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Author: PA一线
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