> For the complete documentation index, see [llms.txt](https://docs.lighter.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.lighter.xyz/about-lighter/lit-utility.md).

# 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 a fixed 6% APR through staking rewards. LIT is bought from `0x5E52363E65C99fefC0E356F0DC6c37b75bf8FC91` for these rewards.&#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;