Lisk DAO Fund - Quarterly Reports
Period: Nov 1st, 2025 - February 4th, 2026
Key Highlights:
- Operational Launch: Established LiskDAO.com and launched a streamlined, dedicated application portal to institutionalize the Fund’s intake process.
- Pipeline Rigor: Evaluated 18 unique project applications, conducting due diligence to ensure alignment with Lisk’s long-term ecosystem growth and validate growth potential.
- Capital Deployment: Successfully finalized the first investments into two high-potential projects, marking the official activation of the Fund’s deployment phase.
Snapshot of holdings per February 4th, 2026
| Category | Asset | Amount (Token) | Value (USD) | % of Total |
|---|---|---|---|---|
| Liquid Assets | LSK | 1,400,000 | $206,360 | 26% |
| USDC/USDT | 290,800 | $290,800 | 38% | |
| Earmarked | Investment Pipeline | 175,000 | $175,000 | 16% |
| Active Portfolio | Total Deployed | 2 projects | $100,000 | 20% |
| TOTAL AUM | $772,160 | 100% |
Investment Portfolio
Following a rigorous vetting process, the Lisk DAO Fund has finalized its first two investments. These projects were selected for their ability to solve concrete, real-world problems and drive usage and application growth across the Lisk ecosystem. Currently, 5 projects are undergoing active evaluation.
New Deployments
The following investments were executed during this reporting period:
| Project | Sector | Instrument | Date Invested | Amount (USD) |
|---|---|---|---|---|
| LovCash | Finance / Loyalty | SAFE | Jan 2025 | $50,000 |
| Cr3dentials | Finance / Identity | SAFE | Jan 2025 | $50,000 |
LovCash: A digital finance and loyalty platform focused on the South African market. By moving supply chain incentives on-chain, LovCash provides a tangible use case for Lisk’s low-cost transactions in high-growth regions.
Cr3dentials: A privacy-preserving verification solution utilizing Zero-Knowledge (ZK) proofs. Introduced via the EMpower Fund, this project provides the critical infrastructure required for scalable DeFi and RWA applications on Lisk.
Strategic Outlook
Given the current market volatility for digital assets—specifically Layer 2 tokens—and the potential directional shifts following Max Kordek’s return as CEO, we are proactively adjusting the Lisk DAO strategy. Our goal remains steadfast: “to accelerate leading teams in the Lisk ecosystem and provide upside potential for the Lisk Treasury.”
As the industry shifts from broad-spectrum expansion toward high-conviction, revenue-generating deployments, the Lisk DAO Fund will serve as a curator and accelerator for Lisk-aligned teams solving high-impact, real-world problems.
Because the timeline for Lisk DAO Season 3 and the Core Team’s updated priorities are currently being finalized, we are intentionally moderating our outreach and allocation efforts for the next 3–6 weeks. This pause ensures our future capital commitments are maximally aligned with the evolving Lisk ecosystem roadmap.
As there is no timeline yet for LiskDAO Season 3 and little information available for the priorities set by the Lisk core team, we are slowing down our outreach and allocation efforts for the next 3-6 weeks to ensure our bets are maximally aligned with other Lisk ecosystem commitments.
Objectives for Next Quarter
-
Active Monitoring: Establish monthly performance checkpoints for the first portfolio companies to ensure key milestones are met, and ecosystem synergies are maximized.
-
Strategic Alignment: Continue engaging with Lisk leadership and stakeholders to synchronize the Fund’s investment mandate with internal roadmaps.
-
Controlled Intake: Maintain the application portal for new entries, but reduce due diligence speed to ensure new decisions are informed by the updated strategic context.
Note: Our next quarterly report will be submitted around April 1st and will cover the period from February 4th to March 31st. This adjustment will align all subsequent reports with standard calendar quarters for better relevance and comparability.