Shiba Inu Launches LEASH v2 to Fix Supply Controversy and Strengthen Governance

Generated by AI AgentCoin World
Sunday, Aug 24, 2025 11:26 am ET1min read
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Aime RobotAime Summary

- Shiba Inu DAO launched LEASH v2 to fix supply issues and restore community trust after a 10% unauthorized token increase.

- The upgrade includes audited ERC-20 contracts, fixed supply, and DAO-governed modifications to prevent future vulnerabilities.

- Community approval via voting and enhanced audit controls reinforced transparency, with positive feedback on governance improvements.

- Other assets like SHIB/BONE remain unaffected, though a recent LEASH wallet hack was confirmed non-critical by developers.

- The move highlights decentralized projects prioritizing accountability, setting a potential governance model for crypto ecosystems.

Shiba Inu has introduced a redesigned version of its LEASH token, known as LEASH v2, to address recent supply issues and restore confidence among its community. The upgrade was prompted by an unexpected 10% increase in the original LEASH supply, an incident that sparked concerns over transparency and control within the ecosystem. The

Shiba Inu
DAO approved the token migration through a community voting process, emphasizing the project’s commitment to decentralized governance [3].

The new LEASH v2 token features an audited ERC-20 contract structure, a "no mint" migrator mechanism, and a supply that is now fixed at a pre-rebase snapshot. These design choices aim to eliminate the vulnerabilities that led to the previous supply controversy and ensure that any future modifications require community approval via the DAO’s voting system [1]. The implementation also includes enhanced audit controls, which are intended to prevent unauthorized changes and reinforce trust in the token’s integrity [3].

Kaal Dhairya, the lead developer for the

Shiba
Inu ecosystem, was instrumental in the technical development of LEASH v2. The migration uses a ratio-based model and blockchain snapshots to ensure that long-term holders are treated fairly. Independent auditors have reviewed the contract and confirmed that the necessary safeguards are in place to prevent unauthorized supply changes [3].

Community feedback has been largely positive, with many members acknowledging the project’s transparent handling of the issue. The upgrade is seen as a significant step toward rebuilding trust and demonstrating a commitment to sound governance practices. It is also viewed as a potential model for other decentralized projects facing similar technical and governance challenges [3].

The migration only affects the LEASH token, with other Shiba Inu assets such as

SHIB
and BONE continuing to operate under their existing parameters [3]. Recent days have also seen a reported incident involving a wallet linked to the LEASH token being hacked, allowing unauthorized token launches. Developers have clarified, however, that no critical systems were compromised [2].

By addressing the supply controversy through community-driven solutions, the Shiba Inu project underscores the increasing emphasis on transparency and accountability in the cryptocurrency space. The LEASH v2 upgrade represents a strategic move to strengthen the ecosystem’s governance framework and restore user confidence.

Source:

[1]title1.............................(https://news.shib.io/2025/08/22/shiba-inu-reveals-leash-v2-token-design-simple-secure-auditable/)

[2]title2.............................(https://coinmarketcap.com/cmc-ai/doge-killer/latest-updates/)

[3]title3.............................(https://coinpaper.com/10686/shiba-inu-launches-leash-v2-token-to-address-supply-controversy-and-restore-community-trust)