Lighter protocol updates token economics, future repurchased LITs will be permanently destroyed

The Lighter protocol has released an update on token economics, announcing that future repurchases of LIT will be permanently destroyed, with the first destruction taking place within a few weeks after the end of the second quarter. Since TGE, the Lighter agreement has repurchased approximately 15.5 million LITs, accounting for approximately 6.3% of the circulating supply. The source of pledge income has been adjusted from TGE's pre revenue to the remaining ecological tokens, with an annualized pledge yield target of 6%. Based on the current approximately 125 million LIT pledges, approximately 7.5 million LITs will be distributed annually, with funds coming from the remaining 250 million LITs. The Lighter protocol treasury management will balance four priorities: rewarding long-term stakers, reducing supply through destruction, retaining tokens for partners and growth, and maximizing the long-term value of token holders.