Lighter to Burn 15.5 Million Repurchased LIT and Target 6% Annualized Staking Yield

Lighter said it will burn about 15.5 million repurchased LIT tokens and use its ecosystem token reserve to fund staking rewards, targeting an initial 6% annualized staking yield. According to NS3.AI, the company plans to carry out its first token burn in the weeks after the end of the second quarter. Lighter said the staking rewards will be funded from its ecosystem token reserve.