what's lit protocol?
Lit Protocol is a decentralized key management network that enables secure signing and encryption without single points of failure. It leverages threshold cryptography across a distributed node network to manage access to secrets, allowing developers to build applications and wallets that handle private keys in a trustless manner. Core features include Programmable Key Pairs (PKPs) for programmable signing, Lit Actions for serverless functions that execute cryptographic operations, and integration with blockchains for token-gated access and decentralized authentication. The protocol supports a wide range of use cases, from DeFi and NFTs to web3 social platforms and gaming, by providing tools for conditional decryption and signing based on on-chain or off-chain conditions. Built on technologies like secure enclaves and IPFS, Lit ensures atomicity in key usage and compatibility with off-chain data sources, fostering resilient and verifiable autonomy in crypto applications.
Tria integrates Lit Protocol's TSS for non-custodial key management with hardware security.
Ranked 4th among top lending projects by development activity in a new Santiment screener tracking GitHub activity.
Tria announces integration with Lit Protocol's Threshold Signature Schemes (TSS) for non-custodial key management, combining TSS with AMD's Secure Encrypted Virtualization for hardware-level security with a two-thirds threshold model.
Token trades 60-70% below Legion round price amid broader AI token market weakness in Q3/Q4.
Lit Protocol partners with Sentient AGI as part of its Verifiable AI Stack, providing programmable guardrails and secure key management that enables AI agents to execute only when specific cryptographic conditions are met.
LITKEY launches dynamic threshold mechanism for claims dropping every 5 minutes on Binance Alpha platform.
Protocol reports +503% month-over-month growth in signing requests and +33% increase in assets under management. LITKEY begins trading on Aerodrome DEX.
LITKEY spot trading goes live on Bybit, offering a 9,000,000 LITKEY prize pool for trading and deposits.
LITKEY deposits open on Bybit via Ethereum and Arbitrum chains with a 9,000,000 LITKEY prize pool for depositors.
Osmosis experiments with new privacy features including Shielded Wallets using Lit Protocol's infrastructure.
$LITKEY announces coming soon to Bybit Spot trading platform.
Protocol participates in Sentient AGI's Verifiable Compute Consortium alongside Phala Network, Nillion, Lagrange, and Atoma Network, providing programmable key management that allows agents to sign transactions without exposing their identity.
LITKEY token goes live on Binance Alpha with an airdrop of 250 tokens for users holding at least 235 Binance Alpha Points on a first-come, first-served basis, with claims requiring 15 Alpha Points and 24-hour confirmation.
Token declined 48% from its TGE in October, placing it as the third-worst performer among major October token launches, with no token inflation active.
LITKEY token bottomed at $0.106 matching the $106MM FDV from Aero Ignition launch voting, with liquidity providers currently earning 7800% APY in a +-20% range.
Protocol launches v1 "Naga" with node operator staking contests and veLITKEY governance system, while handling 34M+ signing/encryption operations to date across hundreds of live teams. (IDs: 1983929748062662816)
Token becomes available on Wasabi platform with up to 3x leverage trading and yield earning from onchain activity.
Protocol powers additional projects including GeniusTerminal for chain abstraction, LC for creator tools, and HeyVincentAI for AI yield automation. Centralized exchange listings are planned following the Coinbase and Aerodrome launches.
Token goes live on Coinbase, with protocol reporting 45% monthly network activity growth, 1.6M+ wallets, and $420M+ in assets secured.
$234MM in value voted to support the transparent token launch, occurring 50 minutes from tweet timestamp.
Implied FDV stands at $77M for the AERO IGNITION launch.
Token claims for the October 30 TGE are available directly through the Legion app, with the official Base contract address confirmed.
Token claims will be available directly in the Legion app starting October 30 at 12AM UTC, and the token deploys on Base chain.
Powers projects including Gitcoin, Lens, and Humanity Protocol.
$LITKEY launches on Aerodrome (Base) on October 30 at 00:00 UTC, with the LITKEY/WETH pool already live and seeded by veAERO holders. A staking contest begins after launch where stakers govern emissions based on network usage, and the protocol has handled 34M+ encryption and signing requests securing $400M+ in assets.
A live panel event occurs today at 11AM ET featuring LitProtocol's David Sneider with Base, Monad, Phantom, and Anagram representatives discussing $LITKEY and onchain primitives.
Token launch date set for October 30th.
LitProtocol is scheduled as the next Aero Ignition Launch featuring CEX distribution on Day 1, with $420M in assets under management and integrations with Genius Terminal, LC, HeyVincentAI, Agent Hustle, and Emblem Vault.
Protocol manages $420M in assets across multiple integrations including GeniusTerminal, LC, and HeyVincentAI, and token has not launched yet.