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- Gate July 2025 Transparency Report:
Accelerating Leadership in the Global Crypto Landscape!
#GateTransparencyReport# - 📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
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Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
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1️⃣ #Show My Alpha Points# | Share your Alpha points & gains
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📅 Event Period
August 11 – 20, 2025
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Shiba Inu Top Developer Breaks Silence on LEASH Supply Boom
Kaal Dhairya, Shiba Inu’s (SHIB) top developer, has provided clarity on the surprise and controversial change in LEASH’s token supply. In an update shared on X, Dhairya explained how LEASH’s total supply increased by approximately 10%.
Concerns around LEASH's rebase pathway
Notably, LEASH supply increased after an additional 10,765 new tokens were created on the platform on Aug. 11, 2025. This marked a significant development given that, for many years, community members believed in a fixed supply.
The project had also claimed that it disabled rebasing. For clarity, rebasing means automatically adjusting the token supply via code. Rebasing could either be positive or negative, depending on the increase or decrease of every holder’s balance.
Dhairya highlighted that on Aug. 11, the team observed that a "rebase pathway" still existed in the smart contracts. This was linked to preauthorized contracts that allowed for changes without owner intervention.
According to him, this is a trust breach, as members of the community believed the token supply was unchangeable. Dhairya maintains that this undermines the system and could impact the price as it dilutes value for existing holders.
The Shiba Inu developer also noted that while the system appears decentralized, the current development suggests that control remains centralized.
DAO Proposal for LEASH v2 Contract Gains Support
Dhairya proposed that the LEASH decentralized autonomous organization (DAO) will need to act
To do this, voting will be carried out to decide to negotiate with the original developer or create a completely new token contract. This new contract, LEASH v2, will be audited to ensure there are no rebases or backdoor supply changes.
The message has sparked a reaction among community members, with some proposing that the DAO be implemented as soon as possible. Others wondered if the same breach could happen with other coins in the SHIB ecosystem.
A user wondered if, with the LEASH v2 contract, the supply could be reversed. The coming days might provide more clarity to the SHIB community. Beyond the current events, Lucie, the marketing lead, has promised exciting times ahead.