Lisk Week in Review – 62

by Victor · Published June 16, 2021 · Updated June 30, 2021

Featured in this new edition of Lisk Week in Review:

Lisk Foundations publishes Lisk Financial Update for May
Lisk Foundation publishes a blog showcasing the overall performance of Lisk Core v3.0.0 against Lisk Core v2.1.6
Lisk releases more developmental updates on Lisk SDK, Lisk Core, Lisk Service and Lisk Desktop
Lisk Delegate overview for the past week

Lisk Financial Update for May

As is the culture of the Lisk Foundation to keep promoting radical transparency as enshrined in the blockchain, it published its financial update detailing most expenditure activities as well as stating how much assets in financial value the foundation holds as of the end of May. Per the financial update, Lisk’s stablecoins investment strategy implemented through BlockFi amounted to $15.2 million, earning a monthly interest of $38,424.66 at an 8.6 per cent APY.

Recall that Lisk Foundation resolved to liquidate 300 BTC in April into 15’172’124.89 USDC at an average price of 50’573.74963 USDC per BTC to start taking advantage of interest from an investment in stablecoins which it intends to use for LSK buybacks amidst other plans. This liquidity should help it finance its runway for the next 36 months from April.

As of 31st May, Lisk Foundation spent $717,424.69 in expenditures covering Lightcurve’s operations (77.6%), promotions (10.3%), operations (9.4%) and bounties & sponsorships (2.64%). Per balance of assets held, Lisk Foundation now holds $130,242,616.16 as total assets held in reserves.

Overall performance of Lisk Core v3.0.0 against Lisk Core v2.1.6

Recall that Lisk backend developers showcased the upgraded Lisk Core v3.0.0 in terms of performance and benchmark against Lisk Core v2.1.6 at the just concluded Lisk.js 2021 conference in May. Lisk Foundation has published a blog detailing these improvements focused on four specific test cases: query performance, block size growth, block processing, and transactions per second (TPS).

Lisk team conducted these tests on a server from DigitalOcean which consisted of 4 CPUs and 8GB of RAM for both Lisk Core versions. To ensure a high level of accuracy was achieved, the team performed all tests 500 times to form lower and upper boundary levels and calculate the average values. Read the full report on click.

Updates on Lisk SDK, Lisk Core, Lisk Service and Lisk Desktop

Lisk SDK: Lisk team already initiated competitor analysis for Lisk SDK v6.0.0 comparing the following

libp2p with lisk-p2p,
state store implementation and framework hooks
block forging modularization

It started the objective-level development planning for Lisk SDK v6.0.0 and still currently in progress. Lisk developers have also initiated using message tags and network identifiers for signatures and adding BLS signatures at the epic specification stage. Add sparse Merkle trees has entered the design proposal stage and should continue to full implementation.

Per Lisk Core, Lisk Core v3.0.0-rc.0 now depends on Lisk Desktop v2.0.0 reaching the (rc.0) release candidate status.

Lisk Service: The Lisk team has now completed the development of v0.4.0 (implementing a new exchange rate service) with numerous issues closed. It will now commence the QA process phase and set to release Lisk Service v0.4.0-beta.0.

Lisk Desktop: The team completed the development of v2.0.0-beta.4 with 12 issues closed in the past sprint. The Foundation expects to release Lisk Desktop v2.0.0-rc.0 by the end of the current sprint.

Delegates’ Overview

According to Lisk Monitor, for another consecutive week, Lisk delegates have gained votes for this week. GDT gained about 4.5 million LSK, while individuals gained a cumulative of 5.8 million LSK. Forging delegates gained above 130,000 LSK each.