Gushiken Yona
The final pre-launch update for the LEASH V2 migration has detailed the technical playbook being used for the project, outlining a security-first approach to its design. A recent blog post from developer Kaal Dhairya specified a strategy that includes using a single auditor for multiple projects and engineering contracts with specific security safeguards.
Key Points
- Unified Audit Strategy: The development team is using a single cybersecurity firm, Hexens, to audit both the LEASH V2 migration and other ecosystem projects, with the stated goal of maintaining a “consistent security posture.
- Architectural Safeguards: The LEASH V2 migrator was engineered as a “no-mint” contract that cannot create new tokens. The developer stated this design ensures the contract “cannot expand supply.
- Risk-Averse Design Philosophy: The LEASH V2 token uses a minimal, standards-based design to reduce its attack surface and prioritize auditability over complex base-layer features.
Security by Design: The ‘No-Mint’ Migrator
The security playbook is further reflected in the design philosophy of the LEASH V2 token. It was built using standard, widely-audited OpenZeppelin libraries with a minimal feature set.
Dhairya explained this “keeps the base token minimal, auditable, and standards-aligned.” This approach limits the token’s “attack surface.” The update noted that if more complex features are needed in the future, they can be added by “wrapping” the simple and secure base token, rather than “baking complexity into the base asset.”
A Philosophy of Minimized Complexity
The security playbook is further reflected in the design philosophy of the LEASH V2 token. It was built using standard, widely-audited OpenZeppelin libraries with a minimal feature set.
Dhairya explained this “keeps the base token minimal, auditable, and standards-aligned.” This approach limits the token’s “attack surface.” The update noted that if more complex features are needed in the future, they can be added by “wrapping” the simple and secure base token, rather than “baking complexity into the base asset.”
Instructions for Launch
The LEASH V2 migration will go live in a few days, starting with Phase 1. Users must wait for the official timing, addresses, and portal link to be posted on the official shib.io and verified social channels.
Holders (Self-Custody): No action is required until Phase 1 opens. Users will migrate via the official portal (burn/lock V1 → receive V2 by ratio).
Stakers/Lockers (xLEASH/veLEASH/Metaverse Lock): Users should be ready to unstake/unlock their tokens when Phase 1 opens, then proceed to migrate.
UniV3/ShibaSwap V2 LPs: Users must wait for the Phase 2 guide. They should not rush withdrawals and will use either the dedicated migrator or the Old liquidity snapshot + Proof-of-withdrawal flow.Bridge Users: Users on networks like Shibarium will be covered in Phase 3 with a clear L1/L2 process, with native Shibarium LEASH migrating 1:1.
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Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
