LEASH V2 Migration Begins: What Holders Need to Know
The leash V2 migration is set to begin in a few days, with Phase 1 requiring no immediate action from holders. The 'no-mint' contract ensures no new tokens can be created, preventing supply expansion. The official website and verified social channels will announce the timing, addresses, and portal link for the migration.
Leash V2 holders will migrate via the official portal by burning/locking V1 tokens to receive V2 tokens at a set ratio. The leash V2 token uses a minimal, standards-based design to reduce its attack surface and prioritize auditability. UniV3/ShibaSwap V2 LPs are advised to wait for the Phase 2 guide before rushing withdrawals.
Bridge users on networks like Shibarium will be covered in Phase 3 with a clear L1/L2 process. The leash V2 migration uses a single auditor, Hexens, for multiple projects to maintain a consistent security posture. Hexens was commissioned for the cybersecurity audit of the leash V2 migration.
The leash V2 migration starts soon, with Phase 1 requiring stakers/lockers to be ready to unstake/unlock their tokens. The 'no-mint' contract and minimal design of leash V2 aim to enhance security and prevent supply expansion. Holders should await official announcements for precise migration details.
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