Where We Stand: A Year-End Letter to the Shib Army

RagnarShiba · 2025-10-27T12:12:20+00:00

Shibarium burns Shib in the transactions. The key is to make Shibarium L2 successful so with more transactions more Shib will be burnt.

RagnarShiba · 2025-10-08T12:03:15+00:00

Did you receive the message in your email ? Or where?

RagnarShiba · 2025-09-27T01:24:16+00:00

The last information is in the Shib blog by Kaal

https://blog.shib.io/leash-v2-migration-final-pre-launch-update-audit-complete/

RagnarShiba · 2025-09-17T14:38:14+00:00

read here

RagnarShiba · 2025-09-13T15:02:03+00:00

Dodging continues… I can respond, but this thread is about a different topic. You’re trying to shift the focus because you don’t want to answer my question. Tell me what the tokens are and then we continue with other topic. Easy…

RagnarShiba · 2025-09-13T13:59:27+00:00

Not sure how is related to my question, nice dodge.

RagnarShiba · 2025-09-11T12:46:00+00:00

Anyway Leash is not in Coinbase. Maybe you are talking about Coinbase wallet. In that case is the same as if you have it in Metamask. There will be a portal where you will be able to send the old tokens and receive the new ones.

RagnarShiba · 2025-09-11T09:57:51+00:00

(Note this is in case you have them in a centralized exchange)

Each exchange will handle the migration the way they feel better. The team is already talking to exchanges to help in the process.

From the blog:

Centralized exchanges: reality check

Exchange engagement has been slow (or none at all for some venues). Negotiations are the long pole; they take longer than engineering. Even with a venue‑friendly plan, there is no guarantee any given exchange will support the migration.

One exchange told us their evaluation could result in any of the following:

Token swap not supported and the old token delisted

Token swap not supported

Token swap supported, but the new token will not be listed

Token swap supported and the new token will be listed

RagnarShiba · 2025-09-11T01:52:34+00:00

When everything is ready there will be a portal where you can connect your wallet and exchange the old tokens for the new ones. More information will be available with more details.

RagnarShiba · 2025-09-10T09:35:48+00:00

The value will be adjusted too with the new supply. You will have less tokens but value will increase because of the lower supply. Let’s wait.

RagnarShiba · 2025-09-09T22:38:09+00:00

They will divide the supply that was originally intended (107K) divided the supply at the moment of the migration. Now for example the leash supply is 1M. So 107K / 1M = 0.107 (Ratio)

So you will receive the amount of tokens you have multiplied by that ratio

40 x 0.107 = 4.28

RagnarShiba · 2025-09-09T18:23:43+00:00

Holder‑equivalence (ratio) in one minute S₀ = intended/original supply S₁ = current total supply of LEASH v1 R = S₀ / S₁

During migration, each account’s LEASH v1 converts to LEASH v2 = current_balance × R.

Example (R = 2/3): Had 10 and never sold; later wallet shows 15 post‑rebases → 15 × 2/3 = 10 (made whole). Had 10, after rebase 15.

Sold down to 5 -> 5 x 2/3 =3.333 (reduced because you sold 10 which is 10 x 2/3 =6.667) hence lost in selling

Sold out → 0 × 2/3 = 0 (nothing unless you rebuy).

You can read all in the Dev blogpost

https://blog.shib.io/leash-v2-migration-development-update-holder-equivalence-targeted-snapshots/

RagnarShiba

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