Lisk Initiates Burn of 100 Million LSK to Reduce Total Supply

Lisk has begun burning 100 million LSK tokens following a successful DAO proposal, aiming to reduce the total supply from 400 million to 300 million. The burn targets tokens previously allocated to the Lisk DAO treasury for 2027 through 2033. This move is intended to limit future supply growth and reduce selling pressure as the project transitions its funding model to the Onchain Foundation. Users of the Lisk Chain must bridge their funds to Ethereum before the October 31 shutdown, with a withdrawal process taking approximately 8 days plus a 3-day unlocking period.