Both static and LACP LAGs can support the hashing of traffic using the Src/Dst MAC address, the Src/DstIP address, and Layer 4 port information.
If all member ports of a LAN are link-down, the LAG will be link-down. The LAG will become link-up when at least one member port is link-up.
The logical function and configuration of LAGs are same as those of a physical port.

Configuring Static LAGs

admin@XorPlus# set interface aggregate-ethernet ae1
admin@XorPlus# set interface gigabit-ethernet ge-1/1/1 ether-options 802.3ad ae1
admin@XorPlus# set interface gigabit-ethernet ge-1/1/2 ether-options 802.3ad ae1
admin@XorPlus# set interface gigabit-ethernet ge-1/1/3 ether-options 802.3ad ae1
admin@XorPlus# set interface gigabit-ethernet ge-1/1/4 ether-options 802.3ad ae1
admin@XorPlus# commit 
Waiting for merging configuration.
Commit OK.
Save done.
admin@XorPlus#

Displaying Static LAG Information

admin@XorPlus# run show interface aggregate-ethernet ae1 
Physical interface: ae1, Enabled, Physical link is Up
Interface index: 53
Port mode: access
Description:
Link-level type: Ethernet, MTU: 1514, Speed: Auto, Duplex: Auto
Source filtering: Disabled, Flow control: Enabled, Auto-negotiation: Enabled
Interface flags: Hardware-Down SNMP-Traps Internal: 0x0
Current address: c8:0a:a9:9e:14:9f, Hardware address: c8:0a:a9:9e:14:9f
Traffic statistics:
Input Packets............................176
Output Packets...........................16
Input Octets.............................12888
Output Octets............................1594
Aggregated link protocol: STATIC
Members Status Port Speed
--------- -------- ----------
ge-1/1/1 Down Auto 
ge-1/1/2 Down Auto 
ge-1/1/3 Up Auto 
ge-1/1/4 Up Auto

PICOS-4.4.4_Configuration_Guide (Special Release)

Static Link Aggregation (LAG) Configuration

Displaying Static LAG Information