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Lighter protocol's staking module just went live, and the uptake has been impressive—21 million LIT tokens locked within the first hour speaks volumes about community confidence.
Here's what stakers are getting: yield generation from the protocol, access to the LLP mechanism where every 1 LIT staked unlocks 10 USDC deposit capacity, and a notable benefit tier at 100 LIT where users gain free withdrawals and transfers. The market seems to be digesting this calmly with minimal price volatility so far.
The real question on everyone's mind is the APR structure. The team hasn't revealed the exact yield rates yet, but given the staking momentum and the utility stacking (dual incentives plus operational benefits), details should drop soon. Worth keeping tabs on this one.