Lighter to Burn Repurchased LIT, Fund Staking from Ecosystem Reserve
Lighter, one of the largest decentralized perpetuals exchanges by trading volume, said it will start permanently burning the LIT tokens it buys back with exchange revenue and will fund staking rewards from its ecosystem token reserve. Lighter has bought back about 15.5 million LIT — roughly 6.3% of… Read the full story at The Defiant
Source link
