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Lighter Protocol Announces Permanent Burn of All Repurchased LIT to Reduce Supply

2026-07-01 02:21:58

LIT0.87%

On July 1, Lighter protocol announced that all repurchased LIT tokens from future buybacks will be permanently burned to reduce total supply, with the first destruction occurring within weeks after Q2 ends. Since TGE, the protocol has repurchased approximately 15.5 million LIT through exchange revenue, representing 6.3% of circulating supply. Staking rewards will now be supported by remaining ecosystem tokens, with a target annual yield of 6%, allocating an estimated 7.5 million LIT annually from the remaining 250 million LIT reserve.

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