Ethereum-Based Platform Lisk Announces New Community-Led DAO

Lisk, an L2 blockchain platform, has announced its new DAO that will give LSK token holders the power to collectively decide Lisk’s direction. The launch is planned later this June.

The goals are to involve the community in the general decision-making process and create a new community-led funding program to allocate funds where they are most needed. The LSK token will be able to influence protocol parameters and the project's direction.

Holders will also be able to vote on treasury fund allocation. The community holds 45 million newly minted LSK tokens, with the potential for additional funding based on community votes.

Lisk has undergone major transformations since January. First, the project transitioned to L2 and Optimis Superchain. Lisk has strategically refocused on Real World Assets (RWA), positioning itself as the premier gateway to the Optimism Superchain in emerging markets. The company also made partnerships with blockchain entities like Rarible and Velodrome, as well as  major exchanges, including Binance, OKX, Kraken, KuCoin and Crypto.com.Earlier, Lisk announced that Obligate, a Swiss-based on-chain capital markets platform renowned for its innovative blockchain-based financial services, will deploy an instance on its network.