Lisk Week in Review – 69

by admin · Published August 17, 2021 · Updated August 20, 2021

Featured in this new edition of Lisk Week in Review:

Lisk Mainnet Party
Lisk Financial Update for July
Binance will support Mainnet migration
Lisk Delegate overview for the past week

Lisk Mainnet Party

To celebrate the largest update to the Lisk Mainnet in its history, LiskHQ organized an exclusive live event held on August 21st. During the live stream, the core team will present an overview of all Mainnet migration’s improvements and give some insights on the next steps for Lisk.
The agenda is not public yet.

Join the celebration event on Crowdcast.

Lisk Financial Update for July

According to the report, the Foundation holds € 5.77 million and CHF 653k. In addition, it owns 1,898 BTC, 62,000 GBYTE, and 8.7 million LSK. Total assets under management are worth $133 million.

The stablecoin investment strategy implemented through BlockFi allowed to buyback 41k LSK in July and 4k LSK in June.
In relation to the monthly expenses, the picture below summarizes the costs linked with each department:

Binance will support Mainnet migration

With this announcement, Binance confirmed that deposits and withdrawals of LSK will be suspended starting from approximately 2021-08-21 07:00 (UTC). The estimated pausing date is subject to change depending on block propagation times.
Binance will handle all technical requirements to successfully migrate to the new version. The date for deposit and withdrawal reopening is unknown and the exchange will notify users in a further announcement when the network is stable.

Delegates’ Overview

According to Lisk Monitor, Lisk delegates lost millions of LSK votes this week. GDT lost about 30 million LSK, while individuals lost over 57 million votes. Each forging delegate decreased its voting weight by about 800k-1m LSK each.