Shiba Inu developers said on Tuesday The long-delayed leash V2 transfer will begin in the coming days after security firm Hexens signed off the new token and its transfer contract.
Approval closes months of absence Previously mentioned.
The leash was first sold as a difficult owner. However, the contract includes a rebase mechanism that may change the supply under certain conditions, even after the developers claimed that the keys were burned.
The contract maintains a “hidden-in-plain-sight” control path, with pre-authorized proxies that are still able to trigger supply changes. The flaw was dated back to 2020 and eventually exploited, destroying what was supposed to be a hard -capped token – causing a 20% to jump into the token supply earlier this year.
The new version is intended to close that loophole permanently. Hexens, known for the Polygon Zkevm and Layerzero audits, reviewed both the Leash V2 token and its transfer system.
The developers said the contract could not mint new tokens under any circumstances following the new arrangements, and that the entire V2 supply was -minted in a multisignature wallet.
During the transfer, V1 tokens will be locked or burned as V2 tokens are released from Multisig as a proportion to each holder’s right.
The redesign is based on Openzeppelin ERC-20 libraries to keep the token simple and hear. Any advanced features, such as layers of privacy, will be added later by wrappers rather than changes in the base token.
Shib prices drop 1% in the past 24 hours, in accordance with a flat wider crypto market
