SOU NFTs will provide cryptographic proof of claims, recorded permanently on the Ethereum blockchain.
Shiba Inu has introduced a new on-chain NFT system called “Shib Owes You” (SOU) to support users impacted by the Shibarium hack. SOU serves as an on-chain record for affected users, verifying claims related to payouts, donations, and rewards. This initiative aims to make users whole after the Shibarium network disruption.
Shiba Inu has revealed the “Shib Owes You” (SOU) system, designed to compensate Shibarium users who were affected by a recent hack. The system uses on-chain NFTs to track the value owed to each user. According to Shiba Inu developer Kaal Dhairya, the SOU NFTs will serve as cryptographic proof of these claims on the Ethereum blockchain.
The SOU mechanism records every transaction related to payouts and donations. When payouts occur, the amount owed to the user decreases. The total value of each SOU tracks the principal amount owed, updating in real time as payments are made.
Hexens, a blockchain security firm, has completed an audit of the SOU system. The audit focused on various components of the system, such as asset recovery logic and payment flows. The results confirm that the SOU mechanism operates securely, with appropriate access controls in place.
The audit also reviewed the NFT mechanics and the overall safety of user funds. This thorough review ensures that the SOU system can be trusted by Shiba Inu users. It guarantees that the recovery process following the Shibarium hack remains secure.
The Shiba Inu community has responded positively to the launch of the SOU system. Shiba Inu’s lead ambassador, Shytoshi Kusama, praised the efforts of the development team. He acknowledged Kaal Dhairya and the team for their work, stating, “Great work, guys, getting this out.”
