Lighter has withdrawn 32.05 million USDC to its treasury address, with approximately 7.5 million USDC entering the LLP.

BlockBeats News, December 30th. According to MLM Monitor, Lighter has transferred 32.05 million USDC to its treasury address, while there is still approximately 100,000 USDC remaining in Lighter's platform fee wallet.

Out of this $32.05 million, around $8.6 million has been redeposited back into Lighter since October 16th, with approximately $7.5 million of it going to the LLP (generated fees will be returned to holders, reflected in LLP earnings).

This is actually somewhat unusual because this arrangement was never disclosed to the public or mentioned in any documentation before—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.