Lisk announced that its focus in 2024 will be to launch the Lisk L2 mainnet and develop its ecosystem.
Lisk plans to launch the Lisk L2 testnet in Q1 (expected February), providing token holders with details on future plans such as on-chain governance, staking, and airdrops (expected March).
Lisk plans to launch a developer network in Q2 to migrate LSK tokens and provide users with LSK token-related functions (DAO, pledge); Lisk L2 mainnet will be launched in Q3/Q4.
According to news in December 2023, Lisk announced its move to the Ethereum ecosystem as its Layer 2 solution. The new Lisk network will be powered by Optimism’s open source framework OP Stack and built using Gelato’s Rollup as a Service platform, with a focus on DePINs.
The project plans to conduct a testnet deployment of the Layer 2 network in the first quarter of 2024, providing a fee that is 90% cheaper than the Ethereum mainnet.
The transition also includes migrating the LSK token to Ethereum to increase usability within the Ethereum ecosystem. The existing LSK reward mechanism will continue to exist, and LSK tokens will also be used for on-chain governance of the upcoming Lisk DAO. In addition, Lisk plans to conduct an initial airdrop of LSK tokens on the new chain, and specific details will be announced before the launch of the mainnet. This move aims to accelerate the development of Lisk in the new ecosystem and provide developers with cheaper transaction fees.