Lisk Proposes Shutting Down Its DAO and Burning 100M LSK
Covered by 2 sources · 2 articles
Lisk has put forward a governance proposal to wind down its decentralized autonomous organization, which would involve pausing DAO smart contracts, transferring two liquidity vaults to Lisk Ltd, and shutting the governance forum. The proposal also calls for burning 100 million LSK tokens, reducing the total token supply from 400 million units.
The move represents a significant structural shift for the project, consolidating control back to the core team while simultaneously decreasing token supply. The outcome hinges on community voting through the remaining governance mechanism.
- DAO shutdown would include contract suspension, vault transfer to Lisk Ltd, and forum closure
- 100 million LSK tokens face destruction, shrinking total supply by 25%
- Proposal requires governance approval before implementation
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Lisk Proposes Shutting Down Its DAO and Burning 100M LSK
The proposal would pause governance contracts, hand two liquidity vaults to Lisk Ltd, and close the forum where it was posted.
Lisk Proposes Ending DAO and Burning 100 Million LSK Tokens
BitcoinWorld Lisk Proposes Ending DAO and Burning 100 Million LSK Tokens The Lisk team has unveiled a governance proposal to halt DAO operations and burn 100 million LSK tokens. If approved, the total supply of LSK would drop from 400 milli…