- Shiba Inu developers announce LEASH v2 migration strategy.
- Aim to restore community trust through DAO governance.
- 10% token supply increase prompts strategic response.
The Shiba Inu developer team announced a LEASH v2 migration plan to address a 10% token supply increase due to a smart contract issue, using DAO-led governance for transparency.
This transition aims to rebuild community trust with a fixed-supply design, impacting the market by requiring token holders to participate actively in the migration process.
The Shiba Inu developer team has revealed a new LEASH v2 migration strategy after an unexpected token supply increase. This plan seeks to rebuild community trust and aims for a fixed-supply design enforced by DAO governance.
Involved parties include Kaal Dhairya and the Shiba Inu DAO. Actions taken include the replacement of unilateral developer control with community voting to handle future supply changes. The team stresses transparency in resolving issues.
“I’m committed to resolving this transparently, fairly, and with the DAO deciding the path forward.” – Kaal Dhairya, Core Developer, Shiba Inu
The immediate effects have caused volatility in token positions and affected liquidity math, prompting concern among stakeholders. The need for transparency and fixes has sparked robust community discussions and developer communications.
Financial implications include the handling of a 10% token supply surge through a burn-to-claim swap and DAO-managed governance. Business impacts are closely monitored with a focus on transparency and improved governance structures.
The migration strategy will utilize DAO voting and community involvement, fundamentally changing governance practices within the Shiba Inu ecosystem. Industry observers are watching for potential impacts on related ecosystems and cryptocurrencies.
Insights suggest this move towards DAO governance could serve as a model for addressing future supply issues. Historical trends indicate that transparency in such migrations often regains stakeholder confidence. Overall market effects remain to be fully observed post-migration.
