Markets
What to know:
- Behold: Shiba Inu’s developers have proclaimed the impending dawn of LEASH v2 migration, following the scrutinizing gaze of Hexens’ security audit-those digital sentinels of sanity.
- The original LEASH token, a charming riddle wrapped in a puppy’s fur, whispered a promise of scarcity while slyly allowing the supply to pirouette like a ballerina on a whim.
- Enter LEASH v2, the phoenix with all tokens minted and no more tricks up its sleeve, ready to vault flawlessly into the blockchain circus ring.
On a tempestuous Tuesday, the Shiba Inu cabal revealed that the protracted saga of LEASH v2’s migration was nearly at hand, finally blessed by the cryptic nod of Hexens, the cybernetic gatekeepers who signed off on this fresh token and its migration contract without so much as a raised eyebrow.
This benediction seals months of suspense and head-scratching, sparked by a covert imperfection in the original LEASH’s code: a flaw that quietly undermined the sacred law of fixed supply. The very law that the developers once swore on a stack of blockchain bibles.
LEASH originally strutted its stuff as a rare gem in a marketplace drowning in tokens, yet beneath its glossy veneer lurked a rebase mechanism-a whimsical puppet master able to conjure more tokens, even after pretentious claims that the “keys were burned” to kingdom come.
In an almost mischievous spectacle, the smart contract hid a “hidden-in-plain-sight” pathway where pre-authorized proxies could twiddle the token supply at will. This crafty bug, born in the year 2020, eventually flexed its muscles, causing a jaw-dropping 20% surge in supply earlier this annum, much to the dismay of those clutching their digital wallets.
LEASH v2 is the candidate to close this Pandora’s box for eternity. Hexens, the venerable auditors famed for their critiques of Polygon zkEVM and LayerZero, meticulously examined the LEASH v2 token and its migration machinery, ensuring there were no more uninvited guests at the minting party.
The developers, draped in an aura of finality, assure us that under no circumstance will the new contract be permitted to mint fresh tokens. The entire v2 supply now slumbers safely in a multisignature wallet-think of it as a Fort Knox for crypto pups.
As the migration ceremony unfolds, v1 tokens will either be locked away or immolated in a fiery burn ritual, while v2 tokens emerge gracefully from the multisig vault, each proportional to their holder’s rightful claim-no doggy tricks, just doggy treats.
This redesign flaunts the sturdy armor of OpenZeppelin’s ERC-20 libraries-simple, auditable, and far less mischievous. Any fanciful features like privacy cloaks will be summoned later, wrapped in optional enchantments, preserving the base token’s modesty.
Meanwhile, SHIB prices have taken a slight nap, down 1% in the last 24 hours, dutifully mirroring the crypto market’s general indifference. Such is the fate of the blockchain canine drama: dramatic yet, for now, mildly underwhelming.
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2025-09-10 16:05