Lisk founder Max Kordek announced a fundamental shift for the project after ten years of operation. Now, Lisk is transitioning from a blockchain network into a “modern money operations platform” designed for finance teams managing multi-entity, cross-border operations with both fiat and stablecoin balances.
What’s the deal
As part of this transition, the Lisk Chain will be gradually phased out and shut down by October 31, 2026. The Lisk DAO will also be dissolved on a defined timeline. But they aren’t leaving builders in the lurch: Lisk has set up a smooth path for projects to move over to the Celo network. Teams that make the jump will get full support from Celo, including help with technical migration and getting their products to market.
Why the pivot
On these matters, Lisk’s pivot is driven by a massive market opportunity. B2B stablecoin payments reached $226 billion in 2025, up more than eightfold year-over-year, accounting for roughly 60 percent of all real-world stablecoin payment volume.
Meanwhile, Lisk claims that more than 8 in 10 crypto companies in Europe have been unable to open or maintain merchant bank accounts. Thus, the new Lisk aims to fill this gap by offering a unified workspace where accounts, payments, and approvals live together across entities, jurisdictions, and fiat and stablecoin rails.
Celo’s expanding influence
Moving over to Celo highlights how the network is expanding its footprint as a major Layer-2 network. So far, Celo has built some solid strongholds in emerging markets like Argentina, Brazil, Colombia, Indonesia, and Nigeria, and it’s become the number one Ethereum L2 by daily active users, with a holder base that reportedly tops 92 million.
Celo and Lisk have cited “deep mission alignment” and a shared commitment to the same regions and communities.
LSK holders face a new reality: From governance to loyalty points
To this point, the wind-down proposal also includes burning 100 million LSK tokens, reducing total supply from 400 million to 300 million, while approximately 47 million LSK from the DAO treasury moves to Lisk Ltd.
LSK transitions from a governance token to a platform loyalty asset, where businesses earn rewards for using Lisk and referrals.
Holders now own exposure to a startup without shareholder rights, and governance itself ends with the DAO’s dissolution.
The token’s all-time low of $0.07 on August 3, weeks before the announcement, underscores the urgency of this pivot.
But since then, the token has surged around 45 percent. Today reached a peak of over 20 percent to the $0,12 level. Trading at $0,10 at the time of writing. This upward movement suggests that both institutional players and the community are responding favorably to the project’s new direction.
