Shiba Inu’s (SHIB) developers are hammering away on a LEASH V2, a key upgrade that will migrate Doge Killer (LEASH) holders. This includes a triple-phased rollout. Starting off with a direct migration for holders, xLEASH & veLEASH from the Metaverse Lock will be unstaked & unlocked, then migrated.
LEASH V2 Migration Audit Completed, Mainnnet Up Next
Phase 2 includes Uniswap V3/ ShibaSwap V2 Liquidity Pools, for which an old on-chain liquidity snapshot will be issued. On top of that, Phase 2 aims to avoid trapped value by Proof Of Withdrawal or dedicated migrator. Then, Phase 3 takes care of the POS bridge users, including Shibarium Layer-2. According to the official statement, Shibarium native LEASH migrates 1:1.
This comes after a full audit completion, conducted by Hexens. The Web3-focused cyber security enterprise is famous for smart contract & decentralized finance (DeFi) protocol audits across the crypto sphere, including Polygon’s zkEVM. Additionally, the Web3 security auditors have worked across Solana (SOL), Cosmos Chains, BNB & Ethereum (ETH) POS.
SHIB Army Braces Themselves For LEASH V2 Migration
Ultimately, Shiba Inu’s (SHIB) LEASH V2 migration is set to kick off in a couple of days, with the exact timing provided in the follow-up announcement. For stakers of Metaverse Lock, xLEASH or veLEASH, Phase 1 opens first, so holders shall get ready to un-stake, unlock & migrate upon the next official message.
Meanwhile, ShibaSwap’s V2 LP participants shall not rush to withdrawal prior to Phase 2, where more exact information will be unfolded. For Shibarium bridge users, no action is required until Phase 3, the official SHIB developer blog notes. Amid the news, Shiba Inu (SHIB) whipped up 2.1% gains to reach the $0.000013 resistance level, a pivotal turning point for the canine coin.
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As of September 10, 2025, developers completed the Hexens audit for LEASH v2, clearing the final hurdle. The migration fixes a rebase flaw that inflated supply by ~20%, ensuring scarcity and security.
It’s a three-phase rollout: Phase 1 for holders, staked LEASH, and basic LPs; Phase 2 for Uniswap V3/ShibaSwap V2 LPs with snapshots; Phase 3 for Shibarium bridge users. Migration is ratio-based to protect holders, with no new minting—excess supply will be burned.
The audit by Hexens (which secured projects like Polygon and Lido) verifies the token, migrator, and flows. It addresses the 2023 rebase issue, adds ERC20 standards with OpenZeppelin, and prepares for future privacy via Zama’s encrypted tech.
Launch is imminent post-audit—holders should watch official channels like blog.shib.io for Phase 1 portal details. No presale or third-party rushes; use only verified sources to avoid scams.
Expect boosted ecosystem confidence, potential SHIB price pumps from scarcity enforcement, and privacy features unlocking new use cases like confidential transfers. ShibArmy hype could drive adoption in Shibarium and metaverse integrations.
