Shiba Inu Developer Confirms LEASH V2 Migration Launch Within Days

In a blog post, Shiba Inu's top developer, Kaal Dhairya, has announced the imminent launch of the LEASH V2 migration ￰0￱ migration will deliver a simplified, fully audited token contract and a carefully designed process that protects long-term holders and liquidity ￰1￱ migration addresses supply instability issues that have affected the original LEASH ￰2￱ migration will follow a fixed ratio model that ensures holders of LEASH V1 easily move into LEASH V2 without supply ￰3￱ new system implements a holder-equivalence model where loyal token holders receive full allocation while those who sold face reduced distributions. Three-Phase Migration Strategy The migration rollout follows a structured three-phase approach to accommodate different user ￰4￱ 1 targets individual holders and stakers of V1 veLEASH and xLEASH ￰5￱ phase also includes liquidity providers on Uniswap V2 and ShibaSwap V1 ￰6￱ 2 addresses more complex scenarios involving Uniswap V3 and ShibaSwap V2 liquidity ￰7￱ development team has prepared targeted snapshots to handle cases where rebases did not properly credit liquidity provider ￰8￱ phase combines historical liquidity snapshots with a proof-of-withdrawal system to prevent fund ￰9￱ 3 covers bridge users and Shibarium ￰10￱ users will receive a straightforward 1:1 swap mechanism designed specifically for native Shibarium LEASH ￰11￱ and Technical Implementation LEASH v2 is built with OpenZeppelin's ERC-20 libraries, a widely audited ￰12￱ token incorporates standard features, including ERC-20, ERC20Permit, and ERC20Burnable ￰13￱ features will be added through wrapper contracts rather than complicating the base token ￰14￱ migration contract has undergone comprehensive security auditing by Hexens, a leading blockchain security ￰15￱ entire LEASH V2 supply has been pre-minted and secured in a multisig ￰16￱ migration process will transfer V2 tokens to users while simultaneously burning equivalent V1 ￰17￱ additional LEASH V2 tokens can be minted after the migration ￰18￱ migration contract cannot mint tokens and holds no V2 supply, ensuring transparency and security.

Self-custody holders require no immediate action before the migration portal opens. However, stakers and liquidity providers must unstake their V1 tokens before ￰19￱ providers on ShibaSwap V2 and Uniswap V3 should await specific Phase 2 instructions before taking ￰20￱ the time of writing, Shiba Inu is trading at $0.00001309, showing an increase of 2.15% over the past 24 hours.