PANews reported on December 30th that, according to MLM monitoring, Lighter has withdrawn 32.05 million USDC to its treasury address, while approximately 100,000PANews reported on December 30th that, according to MLM monitoring, Lighter has withdrawn 32.05 million USDC to its treasury address, while approximately 100,000
Lighter has withdrawn 32.05 million USDC to its treasury address, of which approximately 7.5 million USDC have entered the LLP.
PANews reported on December 30th that, according to MLM monitoring, Lighter has withdrawn 32.05 million USDC to its treasury address, while approximately 100,000 USDC remain in Lighter's transaction fee wallet. Of these 32.05 million USDC, approximately 8.6 million USDC have been deposited back into Lighter since October 16th, with about 7.5 million USDC entering LLP (the transaction fees generated will be returned to the holders and reflected in LLP earnings).
This is somewhat unusual, as this arrangement had never been publicly disclosed or mentioned in any documents before—meaning approximately 25% of the total revenue was used for this purpose. The remaining approximately 21.9 million USDC were transferred to a Coinbase escrow address.
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