COO Dominic Schwenter
on Lisk’s Layer-2
Journey and
Emerging Markets Focus
BeInCrypto sat down with Dominic Schwenter, COO of Lisk, to delve into the
latest developments surrounding Lisk s mainnet launch and the project’s
changing role in the blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн ecosystem.
With a rare legacy in Web3 that spans over 8 years, Lisk has strategically
shifted from a Layer-1 (L1) to a Layer-2 (L2) approach, aiming to take the
lead in tackling scalability challenges and democratizing blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
technology access, with a strong focus on emerging markets.
Inside Lisk s Journey to L2 and the Collaborative Scaling of Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum
Since its founding in 2016, Lisk has witnessed significant growth in the Web3
space and learned valuable lessons along the way. Schwenter reflects on the
early days during the interview with BeInCrypto.
“When Lisk was founded, the space was so much more nascent than it is today.
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum had just launched, and smart contracts were still a novel concept.
Lisk’s founding principle was to democratize access to blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн technology
by making it accessible to JavaScript developers worldwide. Scaling was always
on our radar as well,” he stated.
Lisk’s pioneering approach involved building the first JavaScript-based L1
blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн from scratch. This infrastructure, combined with a focus on
app-specific sidechains, set the stage for Lisk’s emphasis on accessibility
and community-driven development.
“One of the things that makes Lisk unique is our long-term approach. We’ve
always been prescient about the fact that blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн adoption would take time,
perhaps even a decade. That vision shaped our team structure, fund management,
and overall strategy,” Schwenter explains.
In 2024, Lisk boldly transitioned from L1 to L2, joining forces with Optimism
(OP) and other leading blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн projects. Lisk is now part of the OP
Superchain, a collective of interoperable L2 solutions designed to scale
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum while retaining its security benefits.
“Lisk is now 100% focused on our Layer-2, which is EVM-compatible on the OP
stack as part of the OP Superchain,” Schwenter described.
For him, the Superchain offers a unique advantage by promoting
interoperability and collaboration rather than competition among blockchains.
Big names like Uniswap’s Unichain, Sony• Объект организация » Организации по алфавиту » Организации на So » Sony Corporation’s Soneium, and Kraken’s Ink have also
joined the Superchain, signaling its potential as a powerful, interconnected
framework. Being part of this “interop set” allows Lisk to work with these
networks, which are all committed to enhancing blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн interoperability.
Additionally, he believes that this cooperative approach is crucial for the
mass adoption of Web3, as it tackles the industry s fragmented nature.
“It creates the consumer layer on Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum, enabling teams to focus on
building rather than competing in the infrastructure space,” Schwenter
explains.
On the other hand, Schwenter sees that Lisk’s integration with the Superchain
provides access to Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum’s liquidity and leverages Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum’s decentralized
security. Schwenter highlights the potential impact of L2 on unlocking
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum s full potential by allowing scalable applications to be built
without the prohibitive costs of L1 fees.
From Stablecoins to Agriculture: Lisk’s Hands-On Approach in High-Growth
Markets
Lisk’s commitment to emerging markets, particularly in regions like Africa and
Southeast Asia, is central to its mission. According to data from the
International Monetary Fund• Объект организация » Организации по алфавиту » Организации на Ме » Международный валютный фонд (МВФ) (IMF• Объект организация » Организации по алфавиту » Организации на Ме » Международный валютный фонд (МВФ)), emerging economies now contribute
approximately 40-45% of the global GDP. With population growth rates reaching
1.5-2% annually, these developing areas are prime for blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн adoption.
Recognizing the demand for blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн solutions that address practical needs,
Lisk partners with local builders, governments, and organizations to support
this expansion by providing scalable, cost-effective technology that aligns
with economic and developmental needs.
“Emerging markets are leading the way in applying blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн to real-world
challenges, addressing genuine, pressing needs. The solutions being developed
there have the power to transform everyday life and hold significant business• Экономика » Бизнес
potential. That’s where we’re focusing our efforts: where we believe too few
others are looking,” Schwenter remarked.
For Lisk, this focus includes areas like stablecoins and real-world asset
(RWA) tokenization . Schwenter emphasized the importance of RWA, noting that
stablecoins, particularly those that bear yields, are popular in emerging
markets as they provide access to credit for small businesses and similar
needs.
Lisk’s approach is to support practical use cases that address real problems,
such as bringing data on-chain or solving agricultural challenges for small
farmers. Schwenter also shares insights on how Lisk is establishing a locally
based community in these regions to build trust.
“We’re focused on building trust and personal connections in emerging markets.
Many blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн projects come and go, but we’re committed to developing a
sustainable community and ecosystem there,” he explained.
What s Next for Lisk in 2025?
With the recent mainnet launch, Lisk has set ambitious goals for the upcoming
year. The mainnet will kick off with an airdrop campaign, offering a gamified
experience for users to earn points and rewards.
“We’re rolling out several seasons of airdrops over the coming months,
including a mix of point-based systems and raffle sprints with exclusive
incentives for specific applications within the Lisk network,” Schwenter
shared with BeInCrypto.
Looking forward to 2025, Lisk plans to be one of the first OP stack L2s to
implement fault proofs, further decentralizing its infrastructure. Schwenter
emphasizes the significance of these developments.
“We believe that this interoperability and focus on emerging markets position
us uniquely in the Web3 landscape. We’re excited for the paradigm shift this
will bring in terms of how chains and applications are built and adopted,” he
concluded.
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