LSK 2.0: Migration to an ERC-20 Token

Since its inception through the Lisk ICO back in 2016. the LSK token has played a foundational role for all of us. Over the past eight years, Lisk has weathered market fluctuations and emerged as a stalwart supporter of the blockchain ecosystem. It is now time to enter a new era.

Lisk's integration with Optimism’s Superchain as a Layer 2 (L2) is a monumental leap forward that brings a multitude of benefits to the Lisk ecosystem and community. The LSK token will be one of the prime beneficiaries of this transition, as it will be migrated to become an ERC-20 token on the Ethereum Layer 1 (L1).

With that, it will soon become seamlessly interoperable with the entire Ethereum ecosystem and any project or company that supports the ERC-20 token standard. This will allow for the LSK token to be used on any DeFi protocol, like DEXs or lending platforms, all Ethereum wallets, and many more dApps and tools across the Ethereum ecosystem while also enabling a more frictionless integration with centralized exchanges, cryptocurrency custodians, and other services.

This new reality is something that the community has long asked for, and will immediately enhance the LSK token’s accessibility, usability, utility and liquidity.

This exciting move unlocks a world of possibilities, but also requires us to adapt and innovate to ensure continued success.

The LSK token will be moving from an infinite to a fixed supply.

Each L1 LSK token will be migrated to a L2 LSK token based on a ratio of 1-to-1.

LSK contract address：

• https://blockscout.lisk.com/token/0xac485391EB2d7D88253a7F1eF18C37f4242D1A24
• https://etherscan.io/token/0x6033F7f88332B8db6ad452B7C6D5bB643990aE3f

LSK official announcement:

• https://lisk.com/blog/posts/lsk-2.0-migration-to-an-ERC-20-token