The SHIB ecosystem project, Doge Killer (LEASH), will increase the LEASH supply by about 10% on August 11, 2025, even though the supply was previously considered fixed and the rebase mechanism has been disabled.
This occurs because the previously authorized contract still allows the rebase path to operate, even though ownership has been renounced. The development team has proposed two options for the DAO to vote on, in order to address the issue and ensure transparency.
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The LEASH supply will increase by about 10% on August 11, 2025, due to the rebase mechanism not being truly disabled.
The project team proposes that the DAO choose a solution by negotiating to lock the rebase or releasing LEASH version 2 without rebase.
The LEASH Token has decreased in price by 21% in 24 hours according to data from Coingecko.
Is the 10% increase in LEASH supply in August 2025 really surprising?
Information shows that the LEASH supply will increase by approximately 10,765 Tokens, equivalent to 10% on August 11, 2025, which is a surprising event because the rebase mechanism was previously declared disabled and the supply was confirmed to be fixed.
The cause lies in the previously authorized cryptocurrency contract, which still has an active rebase path on-chain, despite the renunciation of contract ownership. This indicates that control over the contract code has not been fully executed, impacting the trust of the LEASH holder community.
What solutions does the development team propose to address the LEASH rebase issue?
The head of the Doge Killer project team proposed two options for voting by the DAO: one is to negotiate with the original developers to permanently lock the previous rebase path, and the other is to release LEASH v2 with a new source code contract that completely removes the rebase functionality.
The team is also committed to publishing detailed proposals along with transparent on-chain evidence so that the community can evaluate and decide clearly, enhancing trust and transparency in project governance.
Maintaining transparency and ensuring community benefits is always our top priority. The proposed solution will help mitigate risks and protect the value of the LEASH Token.
Representative of the Doge Killer (LEASH) team, August 2024
How does the price of the LEASH Token react to the news of increased supply?
Data from Coingecko shows that the price of LEASH dropped about 21% within 24 hours after the announcement of increased supply, reflecting the market's sensitivity to dilution risks in the Token supply.
This move affects investor sentiment and highlights the importance of transparent governance when the project has complex technical factors like lingering rebase mechanisms.
Frequently asked questions about the LEASH supply increase event
1. What is the rebase mechanism and how does it affect the LEASH supply?
Rebase is an automatic mechanism that adjusts the circulating amount of Tokens to maintain price stability. Although declared ineffective, the authorized contract still allows the rebase to operate, leading to the expected increase in supply.
2. Why did the development team renounce ownership of the contract before fully locking the rebase?
Renouncing ownership aims to increase decentralization but also poses risks as it cannot control contract code updates, leading to lingering rebase issues.
3. What distinguishes LEASH v2 from the current version?
LEASH v2 will use a new contract that no longer has the rebase feature, helping to eliminate the risk of uncontrolled supply increase and enhance stability for the Token.
4. What is the decision-making timeframe for voting in the DAO?
The development team has not specifically announced the voting timeline but is preparing transparent documentation to soon present to the community for decision-making.
5. What does the LEASH discount information reflect about the market?
The price dropped 21% in 24 hours, indicating that investors are concerned about supply dilution and unresolved technical governance issues.
Source: https://tintucbitcoin.com/leash-tang-cung-dao-de-xuat-giai-phap/
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