With the formal conclusion of Lisk DAO Season 2 and the successful return of 95,753 LSK (txs) in unspent funds to the treasury, we are now analyzing our execution data to realign our strategy for Lisk’s next phase.
Major wins from Season 2
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Proven Ecosystem Growth: Lisk DAO achieved a 90% completion rate on funded grants (28/31) within the specified timeframe and solidified Lisk as a Top 10 Superchain network, recording a 41% increase in daily revenue in Q4 2025 and attracting over $25M in TVL during the Surge campaigns. More details in the Season 2 Report (link).
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The Lisk DAO Fund: The launch of LiskDAO.com and the activation of the Lisk DAO Fund have successfully facilitated the first two high-potential project investments to drive direct upside for the Lisk Treasury. More details in the Lisk DAO Fund Quarterly updates (link).
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Validation of the Emerging Markets Thesis: The high demand and exceptional quality of Lisk DAO Grant and DAO Fund applications provide clear signals validating our Emerging Markets thesis. The fact that many teams are directly linked to ecosystem programs operated by AyaHQ, CV Labs, and Crecimiento confirms that past initiatives have successfully attracted high-potential talent.
Reflections on Season 1 & 2
Throughout 2025, we witnessed the immense potential of builders on Lisk. We identified dozens of significant real-world problems that can uniquely be solved by teams in Emerging Markets. With blockchain capacity growing rapidly and new tools accelerating development and go-to-market timelines, it is clear that Lisk’s EMpower thesis holds genuine, unique potential.
However, we must be candid about the broader context. Like many Layer 2 ecosystems, the LSK token has struggled in the current market. We take this signal seriously. With Max Kordek returning as CEO, we see a critical opportunity to reset and evaluate how the DAO can best support Lisk’s next phase.
The Path Forward
We believe the most responsible next step is to provide the Lisk team the space to finalize their internal strategy. Rather than rushing into a new season, we want to ensure that future proposals are tightly scoped to align with the core team’s vision.
To facilitate this, we have:
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Returned the remaining 95,753 LSK from the Season 1 + 2 budget (tx confirmation here).
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Paused the launch of Season 3. This is a deliberate decision to reset, realign, and ensure the next phase of DAO activity drives maximum impact. We look forward to engaging with the team and ecosystem soon.
Let’s Make Lisk Great Again. Onward.