Lisk Week in Review – 73

by admin · Published October 15, 2021 · Updated November 2, 2021

Featured in this new edition of Lisk Week in Review:

Exchanges and wallets update
Tools for everyone: monitoring delegate data has never been so easy
Introducing NFT module
Lisk network in numbers

Exchanges and wallets update

LSK deposits and withdrawals are enabled on Bitbay, HitBTC, Coincheck, Kraken, and Exrates. Dev team supported businesses listing LSK with direct communications and tech assistance, reducing the trading pause as much as possible.

Some platforms are still working on Lisk mainnet compatibility, but almost all exchanges and soft wallets have continued their support for the LSK token after the v3 migration.

In relation to hardware wallet support, Lisk Desktop v2.1.0 is almost ready. Amongst other bug fixes and improvements, this release provides a workaround to let users access their funds via Ledger/Trezor.

Users will be allowed to login with recovery phrase of their HW + custom derivation path. The recovery phrase approach will be removed with Lisk Desktop 2.2.0 release.

Tools for everyone: monitoring delegate data has never been so easy

Liskscan, a Lisk explorer, comes with a revised UX and new features. With around 1000 visitors per day, the website provides a series of stats useful to track transactions and delegates.
UX improvements (read the article) consist of floating bottom menu, responsive filter options, personalized themes, and easy-to-use connections with custom networks.
The Interoperability phase will generate a Cambrian explosion of sidechains connected to the main chain. Moosty, the team behind Liskscan, is working to host all sidechains into this explorer, providing a custom version for each project.

Since weeks, Lisk Rewards Validator page added a nice feature to track delegates’ payout, comparing the promised share with the on-chain payments.

Delegate cc001 integrated the data provided by Lemii‘s tool into Lisk Rewards. The column “Honesty” reports that info, showing the real payouts and using it to calculate the “Real APR”.

Lastly, TonyT908 delivered a new Lisk.support tool called Delegate Ranks: this tool allows LSK holders to view delegates’ info and their vote changes over time. Using a set of data ranges (currently 1 Day, 3 Days, 1 Week, 2 Weeks, 1 Month), the community can monitor top Gainers/Losers for Rank, Vote Weight, and Number of Voters. The tool was inspired by Delegate Rank Charts, developed by Frakilk and no more compatible with v3.

Introducing NFT module

Crypto ecosystem is already familiar with NFTs, and Lisk delivered a new module to embrace this movement too.

Maxime Gagnebin published LIP52, with the motivation that a unified module to handle, transfer and modify NFTs is a necessity for the Lisk ecosystem. The module contains all the basic features that are needed to incorporate NFTs in a blockchain ecosystem.

A specific command uses the Interoperability module to enable cross-chain transfers of NFTs, and other functions allow to create, transfer, destroy, lock an NFT.

On the development side, the research team released other LIPs and merged them on GitHub.

Few days ago, Iker proposed a new LIP for the roadmap objective “Update genesis block schema and processing”. This proposal defines how the generic serialization algorithm will be applied to genesis blocks and specify the appropriate JSON schema.

Lately, Oliver worked on LIP51, introducing a Token module for fungible tokens. This module allows any chain in the ecosystem to handle the mint, burn, and transfer of tokens in a secure manner.

Lisk network in numbers

TVL: 22.4m LSK ($75m) | +7%
Total selfvotes: 2.8m LSK ($9.4m) | 0%
Total delegates: 1927 | +0.5%
101° voting weight: 159,859 LSK | +7.5%
Current max APR: 19%
(calculated as annualized forging rate, 30k LSK, divided by the total votes of the delegate in position 101th)