staked WICK

what is sWICK

sWICK is staked WICK. Stake WICK and receive sWICK 1:1, giving you a claim on the revenue generated across every Wick product.

Wick does not rely on emissions to create token demand. It routes product revenue into one shared value sink, making sWICK the place where exchange activity, wLLP usage, wLIT adoption, and Wick arbitrage capture converge.

how it works

Wick products generate revenue. That revenue accrues to sWICK holders pro rata. From the moment you stake, your sWICK earns rewards and unlocks holder perks like Lighter premium fee discounts and wLLP deposit access.

Revenue comes from several independent product lines: fees from wAMM, protocol fees on wLLP and wLIT, and Wick arbitrage profits. Holders can claim that revenue as a dividend in the tokens it was earned in (USDC, NVDA, SPY, LIT), or compound via WICK buybacks, so the claim per share grows.

wLIT and sWICK

wLIT staking unlocks lower fees and faster execution for Wick arbitrage against the Lighter orderbook, and fee discounts for sWICK holders who link a trading wallet.

Claim discounts by linking an EVM wallet on Lighter Core. Outside parties can buy unused discount access; that payment is protocol revenue into the same buyback engine.

wLLP deposit access

Holding sWICK increases how much wLLP you can mint. Deposit allowance increases with your sWICK holdings and available wLLP capacity. The system ceiling still comes from wLIT (1 LIT staked unlocks up to 10 USDC of LLP deposit capacity).

exiting sWICK

sWICK holders can exit back to WICK through two paths. The standard path is a 14-day redemption for full 1:1 WICK value. During that window, the exit can be cancelled and the position returned to sWICK.

The second path is an instant exit: the holder receives 95% of the WICK value immediately, at a 5% discount.