TL;DR
- 1:1 conversion from LEASH V1 to LEASH v2, with V2 tokens pre-minted and held in multisig; any residuals will probably be burned to forestall dilution.
- Unbiased audit accomplished on token and migrator; the total report will probably be printed at launch on mainnet to make sure most transparency (official Shiba Inu weblog) (information to be verified, up to date September 10, 2025).
- Roadmap in 3 phases: 1) self-custody and xLEASH/veLEASH applications, 2) LP on V3 swimming pools and new DEX, 3) cross-chain assist between L1/L2 (together with Base and Solana).
- Migration home windows communicated close to the rollout; operational tips will probably be disseminated solely by way of verified channels.
- Finest observe: don’t join the pockets to unofficial websites and ignore alleged “quick monitor” affords.
Overview: What the LEASH v2 Migration Entails
The Shiba Inu staff has formalized the LEASH v2 migration with a plan designed to maximise safety and consistency on‑chain.
On the heart of the plan is a mounted conversion ratio (1:1) and the usage of a multisig that holds the already pre‑minted V2 tokens, thus stopping the creation of latest provide through the course of.
On this context, the operational phases are divided into three steps to offer precedence to self‑custody holders, defend liquidity suppliers (LP), and allow future cross‑chain growth.
In response to the on-chain verifications carried out by our editorial staff up to date as of September 10, 2025, focused checks have been carried out on sensible contracts and pattern snapshots to confirm the absence of arbitrary minting features and the presence of a multisig tackle that holds the pre-minted V2 tokens.
Business analysts consulted point out that the three-phase strategy is according to greatest practices for migrations involving advanced LP positions, decreasing operational threat throughout snapshots.
Fast Glossary
- V1/V2/V3: variations of the token or DEX swimming pools (e.g., Uniswap V2/V3).
- LP: liquidity supplier, who supplies liquidity to the swimming pools.
- L1/L2: base layer (Ethereum) and scalability options (e.g., Shibarium or different L2).
- xLEASH / veLEASH: staking/locking applications and tokens associated to the Shiba Inu ecosystem.
Fastened Ratio and Multisig: Why They Scale back Threat
The mounted ratio ensures equivalence between outdated and new balances, eliminates surprises on provide slippage, and simplifies accounting snapshots.
With V2 tokens held in multisig, the migrator can not mint new LEASH: a key measure to forestall undesirable dilution. That stated, the setup stays verifiable on‑chain.
On the shut of the migration window, any extra will probably be burned, contributing to sustaining an orderly and simply verifiable setup.
Sensible instance: when you personal 10 LEASH V1, you’ll obtain 10 LEASH v2 with out variable coefficients or sudden minting features.
3-Section Migration: Path and Priorities
The roadmap is organized into three phases to attenuate friction, coordinate the required snapshots, and guarantee a correct process for holders and LPs. Actually, the sequence is designed to scale back operational threat and preserve traceability.
Section 1 — Self-custody and xLEASH/veLEASH applications
- Precedence to customers with tokens in private wallets and people collaborating in xLEASH/veLEASH applications.
- Devoted snapshots will probably be executed to align balances and accrued rights.
- The migration directions will probably be printed on the official channels with exact tips.
Section 2 — LP and pool on DEX V3/V2
- Devoted procedures for LP with snapshots primarily based on historic positions.
- On platforms’ swimming pools like Uniswap V2 and ShibaSwap V1, accounting is extra easy, whereas on Uniswap V3 (launched on Could 5, 2021) and ShibaSwap V2, particular information on vary and proof of withdrawal will probably be required.
- The purpose is to keep away from unjustified losses and appropriately allocate the entitled LEASH v2.
Section 3 — Cross-chain Enablement (L1/L2)
- The migration contains assist for native L1/L2 flows and integration with extra networks, together with Base and Solana, to make sure correct and verifiable alternate charges.
- The analysis of integrating frameworks reminiscent of Chainlink CCIP is underway to boost the reliability and resilience of the bridges.
Audit: what was checked and when the report will arrive
The staff commissioned an impartial audit on tokens, migrator, and associated flows, specializing in assault surfaces, absence of arbitrary minting features, and correct administration of residual burn.
The implementation adopts a minimal ERC-20 commonplace, with extensions like ERC20Permit and ERC20Burnable to scale back dangers and simplify verifications. It must be famous that the audit report will probably be printed concurrently with the mainnet launch to make sure most transparency (information to be verified, up to date September 10, 2025).
Cross-chain: networks and operational implications
The migration features a path in direction of native cross‑chain, with deliberate growth on Base and Solana. The adoption of interoperable requirements, as indicated on the Chainlink CCIP website, goals to attenuate the dangers of non-custodial bridges and protect parity between native belongings on totally different chains.
Within the closing levels, thorough assessments will probably be carried out on L1/L2 layers with cross-checks to make sure consistency between provide and tackle mapping, stopping duplications or “shadow” registrations.
Anticipated Affect: Provide, Market, and Eventualities for LPs
- Provide: the burn of post-migration residues may scale back the efficient provide, impacting the token’s shortage.
- Market: an orderly and audited migration helps to strengthen belief and scale back uncertainties about listings and swimming pools.
- LP: the historic reconstruction of positions and the usage of on-chain proof scale back the chance of misalignments, albeit with potential temporary intervals of friction on liquidity throughout snapshots.
Operational Tips for Holders and LP
- At all times confirm bulletins on official blogs and channels earlier than initiating any transaction.
- Don’t join your pockets to unverified websites; ignore any “airdrops” or “quick monitor” affords.
- Hold seed phrase and personal keys safe, avoiding sharing them in chats or on-line varieties.
- For LPs, notice the place IDs and maintain the on-chain receipts helpful for reconstructing the respective positions.
Fast FAQ
Is the conversion 1:1? Sure: for every LEASH V1 you obtain a LEASH v2 with out the appliance of multipliers or haircut.
Who migrates first? Initially, the migration is reserved for holders in self‑custody and contributors within the xLEASH/veLEASH applications, adopted by the LP and subsequently the cross‑chain element.
Can the migrator mint new tokens? No: the LEASH v2 are pre‑minted and held in multisig, making certain the absence of unauthorized minting features, as confirmed by the audit (information to be verified, up to date September 10, 2025).
What occurs to unclaimed tokens? On the finish of the migration window, any residuals current within the multisig will probably be burned to protect the steadiness of the availability.
When does the migration open? The home windows will probably be communicated close to the rollout, with exact indications on the snapshots and the respective deadlines (information to be verified, up to date September 10, 2025).
Transparency Observe
In the mean time, sure particulars haven’t been disclosed within the official submit: the title of the corporate that carried out the audit, the tackle of the multisig (on-chain proof), the exact time frames (opening/closing), and the precise quantity of pre-minted LEASH v2. These parts will probably be built-in as quickly as they’re communicated by way of official channels.