shib

The Shiba Inu project has unveiled a formal framework to compensate users affected by the Plasma Bridge hack. The new mechanism introduces a fully on-chain solution that converts verified claims into tradable NFTs, aiming to deliver a transparent, traceable, and enforceable process for settling outstanding balances.

“Shib Owes You” (SOU): From Promises to Smart Contracts
The initiative, called Shib Owes You (SOU), transforms earlier informal recovery efforts into a structured system powered by smart contracts. Lead developer Kaal Dhairya described the move as a shift toward clear rules, measurable claims, and fully on-chain settlement.
Affected users will receive NFTs on the Ethereum blockchain. Each token represents a specific amount owed to a particular wallet. These records are stored on-chain and securely backed up in internal databases for verification and audit purposes.

Transferable Claims and Flexible Management
SOU tokens will be transferable. Users who prefer not to wait for full repayment will be able to sell their claims on supported marketplaces once the system goes live. Holders with multiple affected wallets can merge claims into a single SOU token, while larger holders may split claims—selling a portion and keeping the remainder active.

Funding the Repayments: Tighter Oversight of Ecosystem Revenue
Repayments will be funded primarily through stricter oversight of ecosystem revenues. All projects using the Shiba Inu name will be required to allocate a share of their earnings to the SOU fund. This requirement will also apply to partner platforms and related publications.
At the same time, the ecosystem will implement rigorous cost controls. Projects that do not generate revenue will be paused or discontinued to preserve capital for user compensation. New rules will also govern licensing of Shiba Inu intellectual property, with licensing revenues flowing directly into the restitution program.

Audits, Security, and Warnings Against Fake Sites
The SOU infrastructure has already undergone a security audit by Hexens, covering minting, transfers, and claim merging and splitting. However, the platform has not yet launched and no official user interface exists. The team warns users to avoid third-party websites claiming to offer early access.

Plasma Bridge Restored With New Safeguards
The announcement follows recent technical stabilization. Plasma Bridge is back online with added protections, including a seven-day withdrawal delay and migration of critical smart contracts to hardware custody. According to the team, all reimbursements will be executed strictly on-chain using audited systems—without relying on off-chain promises or opaque processes.

Overall, the “Shib Owes You” plan emphasizes auditability, user flexibility, and a sustainable funding model for compensations across the Shiba Inu ecosystem.

#SHIB , #SHIBARMY , #CryptoNews , #blockchain , #defi

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“