Lisk Week in Review – 65
Featured in this new edition of Lisk Week in Review:
- Lisk Foundation releases financial update for June
- 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 June
Lisk Foundation in upholding its tradition of open stewardship and transparency published Lisk financial update for the month of June. Per the report, Lisk Foundation currently holds $116,217,082.62 as of June 30th, of which $7,087,991.63 is in fiat and the rest value in crypto assets.
Recall that the Lisk Foundation liquidated a 300 BTC held in its treasury into 15’172’124.89 USDC at an average price of 50’573.74963 USDC per BTC. With the help of BlockFi, Lisk Foundation ploughed the stablecoins into a lending program to help it unlock earnings from it while using the bulk of the funds to cover its expenses for the next 12 months as well as extending its runway for a further 24 months.
At an 8.6% APY, its stablecoins investment generated a yield of 101’916.14 USDC for the month of June. As announced earlier, Lisk Foundation used the interest generated to buy back LSK tokens from the secondary market to the tune of 4’090.82 LSK tokens in June.
Developmental updates on Lisk SDK, Lisk Core, Lisk Service and Lisk Desktop
After successfully migrating Lisk Core v3 testnet and now awaiting the end of initial rounds, Lisk Foundation developers swung right into action to fix the remaining issues on Lisk Service, Lisk Desktop and Lisk Core.
Lisk SDK: Lisk developers have released Lisk SDK v5.0.6, fixing random seed calculation for a delegate when using previous block headers. It plans to release Lisk SDK v5.1.2 and applying fixes from v5.0.6 to v5.1.1.
Also, it has completed phase-level development planning for Lisk SDK v6.0.0. accepting the global requirements gathering and design proposal.
For the objective-level development planning for Lisk SDK v6.0.0 Lisk developers has made some progress, and the Add sparse merkle trees scheduled for next implementation.
Lastly, the development of supporting Lisk SDKv6.0.0 is in progress with Use message tags and network identifiers for signatures and Add BLS signatures both implemented while Add sparse merkle trees in-progress.
Lisk Core: Lisk Core v3.0.0-rc.1 and rc.2 were released with Lisk SDK v5.0.6 implemented. Lisk Foundation plans Lisk Core v3.0.0-rc.3 as next release
Lisk Service: Lisk Service v0.4.0 was released and Lisk Service v0.4.1 earmarked for next planned release. The team is now fixing performance issues discovered in v0.4.0 with 2 issues closed and 1 open issue remaining. Moreso, Lisk developers has commenced the development of v0.5.0 for implementing a news feed service. Per that, it has achieved 3 issues closed in the past sprint.
Lisk Desktop: To give further insight about the upcoming mainnet migration, Lisk Foundation has outlined a list of high-level overview of what is left outstanding before the migration can take place. See below some of the tasks anticipated to complete for a succesful migration milestone.
- Conduct the mainnet migration test internally
- Wait until the end of initial rounds on the testnet
- Release Lisk Service v0.4.1
- Release Lisk SDK v5.1.2 and Lisk Core v3.0.0-rc.3
- Inform exchanges of the upcoming mainnet migration
- Conduct the mainnet migration test externally
- Calculate and announce the mainnet migration block height
- Release Lisk Migrator v1.0.0 and Lisk Core v3.0.0
- Release Lisk Desktop v2.0.0-rc.3
- Release Lisk Desktop v2.0.0
- Migrate the mainnet
According to Lisk Monitor, Lisk delegates lost votes for this week. GDT lost about 31 million LSK, while individuals lost a cumulative of 54 million LSK. Forging delegates lost about 900 thousand LSK each.
If you have never made a transaction from your LSK wallet, initialise your account!