- Shiba Inu addresses supply issues, launching LEASH v2 with improved security.
- LEASH v2 aims to offer a fixed supply, enhancing governance.
- DAO-driven decisions ensure transparency and community trust.
The Shiba Inu project has announced the design of the LEASH v2 token to address a past controversy regarding a 10% supply increase, focusing on security and transparency.
This move holds significance as it reinforces trust in Shiba Inu’s governance, reflecting resilience in navigating tokenomics challenges without impacting major cryptocurrencies like Bitcoin or Ethereum.
The Shiba Inu project has launched LEASH v2 following a 10% supply increase controversy. This upgrade focuses on providing a more secure and auditable design, overseen by the Shiba Inu DAO.
“LEASH v2, a fixed-supply, audited token, [will use] the last trusted pre-rebase snapshot with fairness filters. No free airdrop: v2 will be a migration.” Source
Key players include Kaal Dhairya, the lead developer, and the Shiba Inu DAO. The DAO voted on the migration decision, emphasizing community governance. Lucie spearheads communications but isn’t directly leading this initiative.
The launch affects the LEASH token, aiming to stabilize its supply by freezing it at a pre-rebase snapshot. This change aims to rebuild trust within the community. No other tokens in the Shiba Inu ecosystem are directly impacted.
Fund impacts are indirect, with Welly’s donating 37.5 ETH for governance activities. Despite no apparent regulatory reactions, the DAO’s actions suggest broader implications for decentralized governance models.
Industry reactions to this change are varied but largely supportive, given previous upgrades following similar patterns. Developers actively engage with and audit the new LEASH v2 contract to prevent future mishaps.
Potential outcomes include stronger community trust and more resilient governance practices. The DAO’s role and engagement in decisions could serve as a model for future governance in crypto projects.
