Lisk announced yesterday (19th) that it will collaborate with Optimism and Gelato to transition to Ethereum’s Layer 2 network, aiming to strengthen Real World Assets (RWA), Off-chain Assets (OCA), and other solutions. The L2 network is expected to launch a testnet in the first quarter of next year, with possible airdrop activities.
(Table of Contents:
Lisk’s transformation focuses on RWA, OCA, and DePIN solutions
Migration and airdrop activities for LSK tokens
Joining Optimism Superchain
)
In the cryptocurrency industry this year, Layer 2 has become the focus of competition, with various emerging Layer 2 protocols such as Coinbase’s Base and Blast making appearances, leading to intense competition. On the 15th, Crypto.com’s public chain Cronos also launched the second layer blockchain Cronos zkEVM, actively entering the Layer 2 race.
Following suit, yesterday (19th), Lisk, founded in 2016 and originally a first-layer blockchain solution, announced a collaboration with Optimism and Gelato to transition to Ethereum’s Layer 2 network. The testnet is expected to be launched in the first quarter of next year, followed by the mainnet.
It is worth noting that the Lisk team claims that compared to the Ethereum mainnet, the costs of their new network will be reduced by up to 90%. Max Kordek, co-founder of Lisk, stated that the purpose of transitioning to Ethereum’s Layer 2 network is to bring solutions for Real World Assets (RWA), Off-chain Assets (OCA), and Decentralized Physical Infrastructure Network (DePIN) onto the blockchain, with a focus on addressing local issues in emerging markets.
The specific implementation of this transition is achieved by integrating the open-source OP Stack developed by Optimism and the Rollup-as-a-Service (RaaS) platform provided by Gelato. Through the collaboration with Gelato, the Lisk team can quickly deploy the OP chain without the need to write any additional code.
Regarding Lisk’s adoption of the OP Stack, Ben Jones, Chief Scientist of the Optimism Foundation, commented:
As part of the transition, Lisk will migrate its LSK tokens to the Ethereum ecosystem. This is aimed at increasing the token’s usability in various decentralized applications and DeFi protocols.
In addition, to incentivize activity on the new chain, Lisk plans to conduct an initial token airdrop of LSK. The specific airdrop plan will be announced prior to the mainnet launch.
Lisk will join Optimism Superchain and collaborate with platforms such as Optimism and Base, becoming the first-layer blockchain to participate in the shared vision of the Superchain. The Lisk team will actively participate in the underlying development of Superchain. The team stated:
Ben Jones from the Optimism Foundation also expressed support for this:
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Rollup-as-a-Service