Decentralized Perpetual Exchange Lighter Introduces Its Native Token

Lighter, a decentralized perpetual exchange being built in the US, has announced the launch of its native asset, the Lighter Infrastructure Token (LIT). The token is issued directly by Lighter's C-Corp entity, which will operate the protocol at cost, aiming for transparency and aligned incentives. All value generated by Lighter's products and services will accrue directly to LIT holders, with revenues allocated between growth and buybacks based on market conditions. The LIT supply is divided equally among the ecosystem, the team, and investors. LIT holders will gain access to financial products offering risk-adjusted returns, enhanced execution, and improved capital efficiency, with access levels and decentralization increasing based on LIT staking.

(Source：BeInCrypto)