Lisk proposes ending DAO, burning 100 million LSK

The Lisk team has unveiled a governance proposal to halt DAO operations and burn 100 million LSK. If approved, a total of 100 million LSK allocated to the DAO treasury for 2027-2033 would be burned, reducing total supply to 300 million LSK from 400 million LSK. Around 47 million LSK allocated to the DAO treasury through 2026 or currently held there would be transferred to Lisk Ltd. The team also plans to shut down the governance forum and remove the penalty for unstaking LSK early, although users would still need to wait three days before withdrawals. Lisk previously announced it will shut down the Lisk chain on Oct. 31.