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 without giving up liquidity: deposit LIT, receive wLIT, and keep using that position across DeFi while rewards accumulate in the background.
Stake LIT, keep liquidity, and let rewards raise the wLIT:LIT exchange rate automatically.
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 has a withdrawal cooldown; 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 is what 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. For users, the important part is simple: 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 on Lighter EVM without unstaking first
cross-chain wLIT
wLIT is designed to move across chains so holders can use the same staking position wherever supported apps are live. Cross-chain transfers use a LayerZero OFT burn-and-mint model rather than creating separate wrapped versions on every chain.
The value-accruing design is naturally cross-chain friendly. Since wLIT balances do not change, only the exchange rate does, there is no rebase synchronization problem between chains. The staking position remains anchored to the wLIT vault on Lighter EVM while the token can be used in supported cross-chain markets and applications.
how wLIT fits into Wick
wLIT matters because it is not just a yield wrapper. It is the staking leg of Wick's product stack.
wLIT and wLLP are under the same operator on Lighter. wLIT represents Wick's staked-LIT position; wLLP represents Wick's Lighter Liquidity Pool (LLP) position. Every LIT deposited into the vault joins one pooled staking position that supports several primitives at once.
| 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 | Additional arbitrage surface, with lower fees and faster execution on Lighter Core |
| Wick AMM | More wLIT liquidity in Wick pools means more swap fees and arb capture |
The relationship is reinforcing:
- more wLIT means more staked LIT
- more staked LIT means more wLLP capacity, sWICK fee discounts, and swap fees
- more wLLP capacity means a deeper liquidation and ADL backstop
- 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.