Lighter’s newly-launched token bounced some 37% from its all-time low on January 1, as the decentralised perpetual futures exchange began its planned buyback strategy. The protocol has begun using revenues from its exchange product to purchase LIT tokens on the open market at a rate determined by market conditions. So far, the Lighter treasury account, where protocol fees accumulate and buybacks are conducted, holds more than 181,000 LIT tokens worth about $550,000. The LIT token was launched on Decemb ...