> For the complete documentation index, see [llms.txt](https://support.lisk.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://support.lisk.com/faq/lsk-token.md).
# LSK Token
Frequently asked questions regarding the LSK Token.
### General
#### What is changing for the LSK token?
LSK continues, with a new role. As the Lisk Chain and the DAO wind down, LSK becomes Lisk's loyalty token. Going forward, it lives on Ethereum.
#### Do I need to do anything with my LSK right now?
That depends on where you hold it. If your LSK is on Ethereum or on an exchange, no action is needed. If it is on the Lisk Chain, or staked, you will need to move it to Ethereum before the Chain closes on October 31, 2026. For stakers, unlocking is now penalty-free. A 3-day waiting period applies before you can unstake, and bridging to Ethereum takes around 8 days, so allow at least 11 days in total. Claim any outstanding staking rewards before the Chain shuts down. We recommend starting immediately. Step by step instructions are in the [Lisk Chain Closure](/faq/lisk-chain-closure.md) FAQ.
#### Where LSK lives
Which networks is LSK on? Going forward, LSK lives on Ethereum. The canonical token contract stays on Ethereum, unchanged. LSK also remains on the Lisk Chain until the Chain shuts down on October 31, 2026.
Is there a token swap, redenomination, or new contract? No. The LSK token contract is unchanged, and there is no swap. Your holdings stay the same LSK. Moving LSK off the Lisk Chain before the shutdown is a bridge transfer, not a swap.
#### Will my exchange keep listing LSK?
Listings are being maintained. The token contract on Ethereum is unchanged, and the 100M LSK token burn is a single onchain event rather than a migration, so existing listings keep working exactly as they do today.
#### Where can I trade LSK?
LSK trades on major exchanges including [Binance](https://www.binance.com/), [OKX](https://www.okx.com/), and [Kraken,](https://www.kraken.com/) and on decentralized exchanges on Ethereum.
### Staking
#### Can I still stake, and do I keep earning rewards? Where does staking happen?
New staking is no longer possible, but existing positions continue to earn rewards until the Chain shuts down on 31 October 2026. In the Lisk Portal, you can now only unstake your LSK or claim your rewards. To exit, unlock your position, wait 3 days, then unstake and bridge your LSK to Ethereum. Unlocking is penalty-free. Claim any outstanding staking rewards before the shutdown.
#### Has the unstaking penalty changed?
Yes. The DAO proposal passed and the staking contract has been updated, so unlocking is now penalty-free. You can unlock your position at any time, then a 3-day waiting period applies before you can unstake.
#### What do I need to do with my staked LSK before the shutdown?
Unlock it, wait 3 days, unstake it, then bridge it to Ethereum before 31 October 2026. It is not returned automatically. Claim any outstanding staking rewards too. Bridging takes around 8 days, so allow at least 11 days in total and start now. We recommend starting immediately.
### Supply and burns
#### What is happening to total supply?
The DAO proposal has passed, and the one-time burn of 100 million LSK is now in progress. Once it completes, total supply moves from 400 million to 300 million.
#### Will more tokens be burned after this?
No. No further burns are planned beyond the one-time 100 million burn. Once it completes, the total holds at 300 million.
### The token's role going forward
#### What is LSK's new role?
LSK becomes Lisk's loyalty token. Businesses will earn rewards for running their money operations on Lisk and for referring other businesses to it, and over time they will be able to receive those rewards in LSK and pay their in-app fees with it. As the product grows and its rewards expand, so does LSK's role.
#### Do I need LSK to use Lisk?
No. The product works on its own terms. LSK is the loyalty and rewards layer that will run alongside it, not a requirement for access.
#### If holding LSK is optional, why does it matter?
As Lisk grows, more activity flows through the product, and more of that activity can run through LSK in rewards and fees. The token's usefulness is designed to grow alongside the product.
#### When do the LSK earn-and-spend features go live?
They roll out in phases, layered on top of the product's existing features. Receiving rewards in LSK comes first, starting with referrals. Paying in-app fees in LSK follows. Points-style rewards and more will become redeemable in LSK as the product matures. The sequence is set, though specific dates follow product releases.
### The DAO
#### I hold LSK for a say in governance. What happens to that?
The Lisk DAO winds down on the timeline set in the [DAO proposal](https://lisk.degov.ai/proposal/0xbf96e9b2362a11c31ef5dc6db9f2f4bda2caf727c18df3595e1c93d967e8334a), so onchain governance concludes with it.
#### Where do I find official updates?
You can find all updates on official Lisk channels including our[ blog](https://lisk.com/blog/),[ X](https://x.com/Lisk?lang=en) and[ LinkedIn](https://www.linkedin.com/company/lisk/).
### Related articles
* [Lisk Chain Closure](/faq/lisk-chain-closure.md)