Lighter withdrew 32.05 million USDC from the platform to its treasury address, with approximately $7.5 million flowing into the LLP.
BlockBeats News, December 30, according to MLM Monitor, Lighter has withdrawn a total of 32.05 million USDC from the platform to its treasury address, with approximately $100,000 still remaining in Lighter's platform fee wallet.
Out of this $32.05 million, around $8.6 million has been re-deposited back into Lighter since October 16, with about $7.5 million entering the LLP (fees generated returned to holders, reflected in LLP earnings). This is somewhat unusual as it has never been publicly disclosed before and was not mentioned in the documents—equivalent to around 25% of total revenue being used for this purpose.
The remaining approximately $21.9 million USDC has been transferred to a Coinbase custody address. Lighter also disclosed that its treasury address is hard-coded in the contract as account 0, responsible for receiving platform fees, and the address can be changed through a contract mechanism.
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