Lisk Chain has been shut down, with approximately 5.2 million staking reward LSK tokens set to be burned.
1 hours ago
Lisk announced that its Ethereum Layer 2 network, Lisk Chain, was shut down on November 2. User-facing services including Lisk Portal and Lisk Bridge were closed first, with other on-chain components following suit. After the shutdown, approximately 5.2 million LSK tokens remaining in the staking reward contract—either never allocated or earned but unclaimed—will be burned, further reducing the total token supply. This follows a prior burn of 100 million LSK in September. The company noted that the new Lisk is positioned as a modern enterprise finance platform, offering functions such as accounts, payments, approvals and portfolios, and is currently in the early development stage. LSK will continue to exist as Lisk’s loyalty token on Ethereum, with a total supply of 300 million and a 0% inflation rate. Starting in 2027, enterprises will be able to earn and spend LSK on Lisk. Assets remaining on Lisk Chain cannot be guaranteed to be recoverable; the platform plans to launch a manual claim process in January 2027.
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