Lisk is joining the Optimism Superchain ecosystem in 2024! Learn more about our planned migration to Ethereum, and what it means for our community, here
Financial Update for December 2023
Every month the Onchain Foundation provides a financial report in which monthly expenditures are transparently broken down.
As we close out reporting from 2023, we reflect on a memorable year that ended with a bang for the Lisk project. Due to the transition from the Lisk Foundation to the Onchain Foundation, certain structural changes have occurred. Moving forward, the monthly financial reports will be handled by the Onchain Foundation directly, and will no longer be found on the Lisk blog.
Total Assets Held
An overview of all fiat currencies, stablecoins, cryptocurrencies, and managed assets currently in possession of the Onchain Foundation is illustrated below.
The overview shown below depicts the overall expenditures of the Onchain Foundation for the last month and is broken down into 2 main categories: Onchain Foundation and Lightcurve.
Bounties & Sponsorships
This covers all costs associated with the Lisk Bug Bounty Program, Lisk Grant Program, and sponsorships.
This includes all marketing-related expenditures such as public relations, influencers, merchandise, events, advertisements, Lisk Centers, and giveaways.
This includes all operational expenses of the Onchain Foundation which consist of the following: salaries, financial and legal, office rental, contractors, e.g. legal advisories, accountants, auditors, and finally taxes.
This covers the monthly invoice from Lightcurve to the Onchain Foundation This amount is calculated using a daily rate per employee and encompasses all services provided by Lightcurve. The daily rate only applies to employees of the Research, Development, and Marketing departments. The Operations department and all miscellaneous costs are also being covered through the monthly invoice.
This includes all related costs of the Research team members at Lightcurve who are working on the Lisk Improvement Proposals.
This includes all related costs of the Development team members at Lightcurve who are working on Lisk Core, Lisk SDK, Lisk for Desktop, Lisk for Mobile, and Lisk Service.
This includes all related costs of the Marketing team members at Lightcurve who are working on all facets of Lisk.com, as well as managing public relations, events, business development, promotional activities, design creation, and documentation.
This includes all operational costs of Lightcurve, such as taxes, office rental, utilities, hardware/software, servers, accounting, and legal, as well as the operations and management team members. All associated costs are fully covered with the daily rates from the research, development, and marketing team members.
Disclaimer: All information contained in our monthly Financial Updates is of informational value only. Differences from their actual state may occur due to time variances of the booking of expenses and inflows. Thus, this information cannot serve as an accurate reference point for the Onchain Foundation finances.