Lisk Burns Additional 5.2 Million LSK, Cutting Total Supply Below 295 Million
Minseung Kang
Summary
- Lisk said it has additionally burned the remaining 5.2 million LSK in staking rewards.
- The burn reduced LSK’s total supply to below 295 million.
- User staking balances on the Lisk chain and community-owned LSK were excluded from the burn and will be claimable starting in January 2027.
Forecast Trend Report by Period
Lisk has permanently burned an additional 5.2 million LSK in remaining staking rewards.
On November 10, the blockchain project said on X, formerly Twitter, that it retired the staking reward tokens left over when the Lisk chain was shut down.
The burn brought LSK’s total supply below 295 million. Lisk also burned 100 million LSK in September.
The latest burn did not include user staking balances still held on the Lisk chain or community-owned LSK. Those tokens will be claimable starting in January 2027.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.