In a significant move to address user losses from the recent Plasma Bridge exploit, Shiba Inu has announced the launch of a formal repayment system. According to the conclusions drawn in the analytical report, this initiative aims to bring clarity and assurance to holders who have been left uncertain following the hack.
Introduction of Shib Owes You (SOU)
The new system, dubbed Shib Owes You (SOU), will convert verified claims into tradable NFTs on the Ethereum blockchain. This innovative approach not only facilitates the repayment process but also allows users to trade their claims as assets.
Structured Debt Framework and Financial Stability
In addition to the repayment mechanism, SOU will implement a structured debt framework, ensuring that losses are systematically tracked and managed. The Shiba Inu team has also indicated that tighter cost controls and adjustments to fund allocation within the ecosystem will accompany this initiative. This aims to bolster the project's financial stability and user trust.
Shiba Inu previously introduced the SOU framework, which utilizes dynamic NFTs for efficient debt management, enhancing transparency and user experience. For more details, read more.
