Lisk announced yesterday (19th) that it will collaborate with Optimism and Gelato to transition into Ethereum’s Layer 2 network. This transformation aims to strengthen solutions for real-world assets (RWA), off-chain assets (OCA), and other related solutions. The L2 network is expected to launch a testnet in the first quarter of next year, with the possibility of an airdrop event.
(Content Summary:
Layer2 Competition: Cronos launches zkEVM testnet based on ZK Stack
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(Background:
Who will be the rising star in the L2 race before Blast comes on stage?
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Table of Contents:
Lisk’s Transition Focuses on RWA, OCA, and DePIN Solutions
Migration of LSK Tokens and Airdrop Activities
Joining Optimism Superchain
This year, Layer 2 has become the focus of competition in the cryptocurrency industry, with various emerging Layer 2 protocols such as Coinbase’s Base and Blast making their appearances, resulting in intense competition. On the 15th, Crypto.com’s centralized exchange chain Cronos also entered the Layer 2 race by launching the second-layer blockchain Cronos zkEVM.
Following suit, yesterday (19th), Lisk, founded in 2016 and originally designed as a first-layer blockchain solution, announced its collaboration with Optimism and Gelato to transition into Ethereum’s Layer 2 network. The testnet is expected to launch in the first quarter of next year, followed by the mainnet.
It is worth noting that the Lisk team claims that the cost of their new network will be reduced by up to 90% compared to the Ethereum mainnet. Max Kordek, co-founder of Lisk, stated that the team’s goal in transitioning to Ethereum’s Layer 2 network is to bring solutions for real-world assets (RWA), off-chain assets (OCA), and decentralized physical infrastructure network (DePIN) onto the chain, with a focus on solving local problems in emerging markets.
The specific implementation of this transition is achieved by integrating the open-source OP Stack developed by Optimism and the Rollup-as-a-Service (RaaS) platform provided by Gelato. Through the collaboration with Gelato, the Lisk team can deploy the OP chain quickly without the need to write any additional code.
Regarding Lisk’s adoption of the OP Stack, Ben Jones, Chief Scientist of the Optimism Foundation, commented:
As part of the transition, Lisk will migrate its LSK tokens to the Ethereum ecosystem. This is done to increase the token’s availability in various decentralized applications and DeFi protocols.
Furthermore, to incentivize activities on the new chain, Lisk plans to conduct an initial token airdrop for LSK. The specific airdrop plan will be announced before the mainnet launch.
Lisk will join Optimism Superchain and collaborate with platforms such as Optimism and Base, becoming the first-layer blockchain to participate in the shared vision of the Superchain. The Lisk team will actively participate in the underlying development of the Superchain. The team expressed:
Ben Jones of the Optimism Foundation also expressed support for this:
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Tags:
Gelato
layer2
Lisk
LSK
OP Stack
Optimism
Optimism Superchain
Rollup-as-a-Service