LiskDAO
@liskdao
The 100M LSK Token Burn The Lisk DAO is deciding whether 100 million newly minted $LSK should be burned or added to the DAO treasury to fund future @lisk Ecosystem Growth. Here’s what’s on the table and why it matters 👇🧵
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LiskDAO
@liskdao
As part of migrating $LSK to Ethereum as an ERC-20 token, 145 million new $LSK were minted for the Lisk DAO treasury. This vote decides the future of 100 million of those tokens. https://lisk.com/blog/posts/lsk-2-0-migration-to-an-erc-20-token/
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LiskDAO
@liskdao
The DAO has the option to accept or reject the 100M $LSK burn proposal. 1⃣ Accept: 100M $LSK are burned, reducing total supply by 25 percent to 300M. 2⃣ Reject: The 100M $LSK stay in the DAO treasury with a 7-year vesting plan.
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LiskDAO
@liskdao
The Case for Burning 🔥 Burning permanently removes these tokens from circulation. Total $LSK supply drops, potentially making the token scarcer. But it also means fewer resources for growing the ecosystem.
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LiskDAO
@liskdao
The Case for Keeping 💼 If kept, the 100M $LSK unlocks gradually from 2027 to 2033: • 15M $LSK per year for the first 6 years • 10M $LSK in in the final year Funds only enter circulation through DAO-approved proposals or can be burned later.
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LiskDAO
@liskdao
Quorum is reached if either: • Yes plus Abstain votes backed by at least 24M $LSK • No plus Abstain votes backed by at least 24M $LSK
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LiskDAO
@liskdao
This isn’t just about supply numbers. It’s about how we fund the next chapter of the @lisk Ecosystem. If you want to help shape the future of Lisk, head to the forum, join the discussions, and share your thoughts 👇 https://forum.lisk.com/t/should-100-million-lsk-of-the-dao-treasury-be-burned/416
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