# LIT Utility

### Staking

The **LIT Staking Pool** (<https://app.lighter.xyz/staking>) is designed to align long-term participants with the core economics of the protocol. By staking LIT, participants gain access to platform benefits aligned with how they interact with the exchange. Unstaking is subject to a 3-day lockup period.

Active Staking Programs:

* LLP Access
* Staking APR

#### LLP Access

As part of our approach to offering access to niche financial products, the Lighter Liquidity Pool (LLP) is now exclusively accessible to LIT stakers. For every 1 LIT staked, participants may deposit up to 10 USDC into the LLP.

#### Staking APR

Staking participants currently earn APR through staking rewards. In the short term, Lighter is bootstrapping this yield using company funds and pre-TGE revenue. LIT is bought from `0x5E52363E65C99fefC0E356F0DC6c37b75bf8FC91` for these rewards. Soon staking yield will be funded by dedicated staking programs.&#x20;

One example currently in development will allow participants who do not use certain staking benefits ([such as trading fee discounts](https://app.gitbook.com/o/UL2QKgoUbvRiSpqVpgNb/s/XuISSHTfjHCg60BNss6v/~/edit/~/changes/61/trading/trading-fees#fee-discounts-for-premium-accounts-via-staking-coming-soon)) to transfer those benefits to others. Participants seeking access to specific fee tiers will pay upfront for these rights, and that revenue will be distributed to LIT stakers as yield.&#x20;

### Buybacks

LIT is bought back by the protocol using trading fee revenue. Buybacks are executed via daily 24-hour TWAPs, with the flexibility to use shorter timeframes depending on market conditions.

The treasury account that conducts these is `0x0000000000000000000000000000000000000000`&#x20;