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Max Kordek: Lisk DAO proposal leads to burn of 100M LSK tokens

Max Kordek: Lisk DAO proposal leads to burn of 100M LSK tokens
Lisk DAO to burn 100M LSK tokens

Max Kordek, co-founder & CEO at Lisk, announced that the Lisk DAO proposal to burn 100 million LSK tokens has passed.

The LSK token, originally bridged to the Lisk Chain as an Ethereum-native token, will first be bridged back. In about eight days, the total supply of LSK is set to decrease to 300 million tokens.

Kordek previously called for community votes on burning 100 million LSK, ending the Lisk DAO, and enabling flexible staking before the chain shutdown, according to a recent summary. The proposal outlined in that update preceded this week’s final decision. Lisk’s token supply reduction is set to follow the roadmap presented in earlier discussions.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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