Shiba Inu is launching LEASH V2, a long-awaited upgrade that finally puts an end to the supply issues that have plagued the token. The new version comes with an audited smart contract, a fixed supply, and a structured migration process designed to rebuild trust. The network’s top developer, Kaal Dhairya, unveiled an upgrade for its [...]]]>Shiba Inu is launching LEASH V2, a long-awaited upgrade that finally puts an end to the supply issues that have plagued the token. The new version comes with an audited smart contract, a fixed supply, and a structured migration process designed to rebuild trust. The network’s top developer, Kaal Dhairya, unveiled an upgrade for its [...]]]>

Shiba Inu Announces LEASH V2 Migration with Fully Audited Token Contract

  • Shiba Inu is launching LEASH V2, a long-awaited upgrade that finally puts an end to the supply issues that have plagued the token.
  • The new version comes with an audited smart contract, a fixed supply, and a structured migration process designed to rebuild trust.

The network’s top developer, Kaal Dhairya, unveiled an upgrade for its LEASH token, introducing LEASH V2. This is a redesigned, fully audited contract intended to restore trust and eliminate recurring supply issues.

Shiba Inu (SHIB) is the second-largest mem coin, just after Dogecoin (DOGE), that has a market capitalization of about $36 billion. SHIB has made it its mission to set itself apart from the definition of a meme coin; digital currencies inspired by literal memes or other cultural phenomena that don’t have any serious financial or technological purpose.

What’s Changing with LEASH V2?

LEASH was designed with a max cap of 107,000 tokens. But due to a rebase bug, the supply unexpectedly jumped by around 10%. That meant extra tokens appeared out of thin air, undermining trust in the token’s scarcity. Now, the bug is gone. The new contract enforces a hard cap of 107,000 tokens, and no new tokens can ever be minted. The promise of scarcity is back, just as it was intended from day one.

The contract is rebuilt from scratch using OpenZeppelin libraries, which are widely trusted and battle-tested across Ethereum (ETH). It now includes ERC-20, which is the standard for tokens. It also has ERC-20Permit, which allows gasless approvals where users can sign instead of spending ETH for approvals, and the ERC-20Burnable, which means tokens can now be destroyed in a verifiable way, adding flexibility.

All tokens are pre-minted and locked in a multisig wallet; thus, there will be no chance of hidden inflation creeping in. According to the announcement, the migration to LEASH V2 won’t happen all at once; it’s being rolled out in phases to make sure no group of users gets left behind. In the first stage, regular holders, stakers, and liquidity providers on Uniswap V2 and ShibaSwap V1 will be migrated.

Next, the process will extend to liquidity providers on Uniswap V3 and ShibaSwap V2, using snapshots or proof-of-withdrawal to ensure accuracy. In the final phase, the migration will reach Shibarium and bridge users through a special layer-aware process.

The conversion formula is simple and transparent: V2 = V1 × (Intended Supply ÷ Current V1 Supply). The loyal long-term holders who stayed put will get their full share, while those who sold along the way receive proportionally less.

The Hexens blockchain security team has already audited both the LEASH V2 contract and the migrator, with the full audit report and official migration portal to be released soon. Perhaps most importantly, the entire migration is being guided by DAO-led decisions, ensuring the process is transparent, community-driven, and built on trust.

The team has been vocal about scam attempts popping up around the migration. They’ve stressed there are no presales, no private airdrops, and no offers outside of the official Shiba Inu channels. Anything else should be treated as a scam attempt designed to drain wallets.

The upgrade gives SHIB a potential boost, but it may take one clear market catalyst to lift prices closer to $0.001. For now, SHIB is priced at $0.00001294, marking a 4.64% gain in the past week, even as daily volumes dipped 4% to $253 million.

]]>
Market Opportunity
TokenFi Logo
TokenFi Price(TOKEN)
$0.003598
$0.003598$0.003598
-3.97%
USD
TokenFi (TOKEN) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Paxos launches new startup to help institutions offer DeFi products

Paxos launches new startup to help institutions offer DeFi products

PANews reported on June 19 that according to The Block, the stablecoin issuer Paxos launched a new startup Paxos Labs, which aims to help institutions integrate DeFi and on-chain products
Share
PANews2025/06/19 00:04
Strategy’s Bold Move? Whispers of Bitcoin Buys and an Anonymous Meme Coin Project

Strategy’s Bold Move? Whispers of Bitcoin Buys and an Anonymous Meme Coin Project

The post Strategy’s Bold Move? Whispers of Bitcoin Buys and an Anonymous Meme Coin Project appeared on BitcoinEthereumNews.com. Crypto News 19 September 2025 | 03:45 In the fast-evolving crypto world, rumors often spark as much market momentum as actual events. This September 2025, chatter is swirling around a new twist in Michael Saylor’s BTC strategy. After turning Strategy (formerly MicroStrategy) into the world’s largest corporate Bitcoin holder, insiders suggest Saylor may now be selling off stock stakes to not only double down on Bitcoin but also secretly back a meme coin presale. Many are asking: is Bull Zilla the anonymous project in question? The narrative blends two powerful currents: Bitcoin’s institutional dominance and the rise of meme coin projects with strong entry. With whispers of ETH whales buying meme tokens and Ethereum network upgrade rumors adding to volatility, traders are revisiting what could be the best new meme coin project today. Michael Saylor’s Bitcoin Obsession: The Backstory To understand the significance of these rumors, it’s important to revisit how Saylor became the face of corporate Bitcoin. As Cointelegraph recently highlighted in “Michael Saylor’s Bitcoin obsession: How it all started,” the transformation began in 2020. Saylor, once skeptical of crypto, pivoted Strategy’s treasury away from cash and into Bitcoin. Beginning with a $250 million purchase in August 2020, the company escalated its buys through debt issuance and stock dilution, amassing more than 500,000 BTC by mid-2025, over 2% of the total fixed supply. This Michael Saylor BTC strategy turned Strategy into a de facto Bitcoin ETF proxy. Despite wild volatility, his conviction and long-term dollar-cost averaging set the standard for institutional adoption. By early 2025, Strategy had spent nearly $42 billion on BTC, reshaping its valuation and sparking copycats worldwide. Yet now, rumor has it that Saylor’s legendary obsession is expanding — from Bitcoin into presale narratives gaining traction in the meme coin sector. The Rumor: Bitcoin and a…
Share
BitcoinEthereumNews2025/09/19 08:55
XRP Price Prediction 2026: Ripple Innovates and Hyperliquid Soars, but DeepSnitch AI Is the 250x Project for Massive Returns

XRP Price Prediction 2026: Ripple Innovates and Hyperliquid Soars, but DeepSnitch AI Is the 250x Project for Massive Returns

While Ripple expands its empire into enterprise finance with a corporate treasury platform, the token itself remains sluggish. This disconnection is forcing investors
Share
Captainaltcoin2026/01/29 19:15