The developers explained that they engaged Hexens to perform a full, independent audit of the integrated system, covering the LEASH v2 token, the migrator, and all associated flows. Now that the security firm Hexens has cleared the audit, the migration is expected to begin anytime soon.
Hexens is a Web3-focused cybersecurity firm known for smart-contract and protocol audits. Its track record spans Ethereum, Solana, Cosmos, and BNB Chain, where the firm’s audits have protected significant on-chain value.
Now that all the security boxes have been ticked, the migration from LEASH v1 to LEASH v2 is expected to commence anytime in the coming days. The migration will occur in carefully planned phases to ensure fairness across different types of holders.
In the first phase, direct LEASH v1 holders as well as those with staked or locked tokens will be able to migrate by burning or locking their v1 tokens to receive v2 equivalents at a ratio based on the current v1 supply. Liquidity providers on Uniswap V2 and ShibaSwap V1 are also included in this stage.
Phase Two will handle the more complex Uniswap V3 and ShibaSwap V2 LPs, which require snapshots and proof-of-withdrawal mechanisms to prevent trapped value. Lastly, Phase Three will cover bridge users and those holding LEASH on Shibarium for a 1:1 swap of these tokens.
At the time of writing, LEASH is trading at $24.94, down by 3.22% in the past 24 hours.
