Main Points:
- Lisk community to vote on burning 100 million LSK tokens
- Lisk DAO’s first major vote on token allocation
- Lisk’s migration to Optimism Superchain for network accessibility
- Options to decrease total LSK supply or allocate tokens for community incentives
- Onchain Foundation not participating in the vote for fairness
- Lisk’s migration plans to Ethereum ecosystem for cost-effectiveness
Lisk Community Vote on Burning Tokens
The Lisk community will soon decide on burning 100 million LSK tokens, representing 25% of the total supply, through a vote by September 27. This decision marks the first major vote of the Lisk DAO, the newly-formed decentralized autonomous organization.
Lisk DAO’s Token Allocation Decision
If the community votes to burn the tokens, the total LSK supply will decrease to 300 million. Alternatively, choosing to allocate the tokens until 2033 will enable the community to drive initiatives, support growth campaigns, and finance projects over the next decade, as stated in the press release. This decision will also impact the Lisk DAO Fund.
Lisk’s Migration Strategy to Enhance Access
Launched in 2016, Lisk revealed plans to migrate to the Ethereum ecosystem in late 2023 to upgrade its network and enhance cost-effectiveness for users and developers. This strategic move aims to make the network more accessible across the Ethereum ecosystem, particularly by utilizing the Optimism Superchain for improved accessibility.
