Shiba Inu Launches LEASH v2 to Address Supply Controversy and Restore Trust

The Shiba Inu community has initiated the migration of the LEASH token to its upgraded version, LEASH v2, as a response to recent supply management issues and a means of reinforcing trust among token holders. The upgrade, developed under the technical leadership of Kaal Dhairya, was approved by the Shiba Inu DAO through community voting, reflecting the project’s commitment to decentralized governance [2]. The original LEASH token had faced controversy following an unexpected 10% supply increase, which raised concerns over token stability and transparency [1]. LEASH v2 seeks to resolve these issues by implementing a more secure and auditable design, with supply now frozen at a pre-rebase snapshot [1].

The new token structure includes a "no mint" migrator to prevent unauthorized supply changes, while enhanced audit controls ensure that the contract remains tamper-resistant [1]. The migration process uses a ratio-based conversion model to equitably transition LEASH v1 to v2, adjusting each account’s holdings based on a public ratio derived from the intended versus current supply [2]. This method aims to preserve value for long-term holders while limiting gains for speculative traders. Snapshots will be applied strategically to liquidity pools, particularly on platforms like Uniswap V3 and ShibaSwap V2, to avoid trapping tokens in pools [2].

Community involvement remains central to the process. The DAO is tasked with finalizing key parameters, including migration cutoffs and the handling of leftover tokens [2]. Independent developers have conducted security audits, confirming the integrity of the contract and ensuring that appropriate safeguards are in place [1]. The upgrade has been generally welcomed by the community, with many viewing it as a necessary step to restore confidence and establish a precedent for how decentralized projects can address technical controversies [1].

The migration presents some logistical challenges, particularly regarding centralized exchanges. While platforms like Crypto.com and Gate.io have shown active engagement, others remain uncommitted, leaving the final outcomes partially uncertain [2]. Despite this, the project’s transparent and verifiable approach continues to align with its core principles of decentralization and community governance. As the transition progresses, the DAO’s role in overseeing key decisions will be essential in ensuring a fair outcome for all stakeholders [2]. The launch of LEASH v2 represents a pivotal development in the Shiba Inu ecosystem’s response to recent supply-related concerns, with the potential to strengthen trust and stability in the long term.

Sources:

[1] The Shib Daily (https://news.shib.io/2025/08/22/shiba-inu-reveals-leash-v2-token-design-simple-secure-auditable/)

[2] The Shib Daily (https://news.shib.io/2025/08/22/shiba-inu-developer-unveils-new-leash-v2-migration-strategy/)