HomeNewsLisk Shifts to Decentralized Governance: Launching DAO in June

Lisk Shifts to Decentralized Governance: Launching DAO in June

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  • Lisk, an Ethereum-based platform, plans to launch a DAO by June, transitioning to decentralized governance.
  • DAO objectives include increasing community decision-making and establishing a funding program controlled by LSK token holders.

Lisk, a platform built on the Ethereum blockchain, plans to launch a new Decentralized Autonomous Organization (DAO) by the end of June. This development represents a significant shift towards decentralized governance for Lisk, giving LSK token holders the authority to make collective decisions about the project’s future.

The main objectives of introducing the DAO are to engage the platform’s community in the decision-making process and to establish a community-driven funding program. This will allow token holders to influence the protocol’s parameters and decide how treasury funds are allocated. Additionally, the community will have access to 45 million newly issued LSK tokens, with the potential for further funding based on community votes.

Since the beginning of the year, Lisk has undergone several transformations. It transitioned to a Layer 2 solution as part of the Optimism Superchain, aiming to become the primary platform for Real World Assets (RWA) in emerging markets. 

Lisk has also entered into partnerships with blockchain organizations like Rarible and Velodrome and secured listings on major cryptocurrency exchanges such as Binance, OKX, Kraken, KuCoin, and Crypto.com.

Earlier, Lisk announced a partnership with Obligate, a Swiss company known for its blockchain-based financial services. Obligate will launch an instance on the Lisk network, expanding its range of financial solutions.

These developments demonstrate Lisk’s strategic efforts to enhance its platform’s utility and broaden its market presence. 

By transitioning to a DAO and expanding its partnerships, Lisk aims to create a more inclusive and collaborative environment, allowing its community to have a direct impact on its direction and growth.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: info@ethnews.com Phone: +49 160 92211628