products
wLIT
what is wLIT
wLIT (wickLIT) is Wick's liquid staking token for LIT, the native token of the Lighter network and the gas token on Lighter EVM.
It lets LIT holders earn staking rewards and stay liquid: stake through the vault for wLIT, then keep using that position across DeFi while rewards accumulate in the background.
how it works
Deposit LIT, receive wLIT. The vault stakes your LIT on Lighter, and staking rewards compound into the wLIT:LIT exchange rate: your balance stays fixed while each wLIT becomes redeemable for more LIT.
wLIT is fully liquid: hold it, trade it, use it as collateral, or bridge it while the underlying LIT keeps earning. Redeeming back to LIT through the vault happens after a delay period; swapping wLIT for LIT on supported markets is instant.
exchange rate
At launch, the exchange rate starts at 1:1: one LIT deposited mints one wLIT. Over time, staking rewards flow into the vault and new depositors receive fewer wLIT per LIT because each wLIT already represents accumulated rewards.
Rewards roll back into the vault on their own, so the exchange rate keeps rising without the holder doing anything. This auto-compounding lets wLIT outpace simple staking, where rewards sit idle until they are manually restaked.
principal
10.0K LIT
One-time LIT deposit. The principal does not change.
simple rewards
+2.0K LIT
Rewards earned and held as idle LIT, not restaked.
wLIT rewards
+2.2K LIT
Same rewards, automatically rolled into the exchange rate.
compound bonus
+210 LIT
Each wLIT redeems for 1.221 LIT after 5 years.
DeFi-ready by design
wLIT follows the common ERC-4626 tokenized-vault pattern used across DeFi. Apps can treat wLIT like a transferable, yield-bearing token.
The same wLIT position can be reused across DeFi:
- borrow against it on lending markets while staking yield keeps accruing
- provide liquidity in wAMM pools and earn rewards
- deposit into yield vaults or farms that earn additional yield for you
- trade your staked LIT without unstaking first
how wLIT fits into Wick
Wick pools LIT through wLIT. That pooled stake does three things at once: it backs wLLP capacity, it earns discounts on Lighter Core trading fees, and it improves execution latency. The fee discounts and lower latency make Wick arbitrage against the Lighter orderbook cheaper and faster to execute.
| What wLIT unlocks | |
|---|---|
| wLLP | Up to 10 USDC of LLP deposit capacity per LIT staked |
| sWICK | Lower fees on Lighter Core when you link a trading wallet |
| Wick arbitrage | Lower fees and faster execution against the Lighter orderbook |
| Wick AMM | More liquidity, fees, and volume for the exchange |
The relationship is reinforcing:
- more staked LIT raises wLLP capacity, sWICK fee discounts, and wAMM volume
- that increases exchange fees, wLLP protocol fees, wLIT staking fees, and Wick arbitrage capture
- wLIT, wLLP, exchange, and Wick arbitrage revenue all feed sWICK buybacks
one operator, two tokens
wLIT and wLLP are both operated by Wick. wLIT represents Wick's staked-LIT position; wLLP represents Wick's LLP position.