[Lisk Chain to Shut Down and Gradually Wind Down DAO, Plans to Burn 100 Million LSK and Transition to Enterprise Fund Management Platform] Odaily Planet Daily News: Lisk founder Max Kordek announced that Lisk will transition into a fund operation platform aimed at enterprise financial teams, offering services such as account management, payments, and approvals, while gradually winding down its original blockchain ecosystem. The new platform targets enterprises operating across entities and jurisdictions, using both fiat currencies and stablecoins. It has already opened early access to eligible enterprises, supporting unified management of bank and stablecoin accounts, bank transfers, stablecoin payments and receipts, and permission-based payment approvals. Future services will include corporate cards, non-custodial fund management, and payroll integration. Lisk Chain will shut down on October 31, 2026. Lisk has partnered with the Celo team to provide migration paths to the Celo network for on-chain DApps, developers, and project teams. Lisk has also proposed a plan to gradually wind down the Lisk DAO, including the destruction of 100 million LSK from the DAO treasury, reducing the total supply from 400 million to 300 million. Staking penalties will be removed, allowing token holders to unstake flexibly, while DAO governance infrastructure will be gradually phased out. Lisk stated that LSK will transform into a "loyalty token" for the new platform, enabling enterprises to earn rewards by using the Lisk fund operation platform and referring other businesses. In the future, LSK can also be used to pay platform fees. LSK will primarily operate on the Ethereum and Base networks moving forward. Users still holding LSK on the Lisk Chain must complete migration to Ethereum by October 31.