Shib Owes You: Shiba Inu Team Member Explains Shibarium Recovery Framework

Source: CryptoNewsNet Original Title: ‘Shib Owes You’: Shiba Inu Team Member Explains Shibarium Recovery Framework Original Link: In a year-end letter, Shiba Inu developer Kaal Dhairya spoke about a recovery plan for Shibarium users following the hack incident in September.

Dhairya mentioned “SOU,” which means “Shib Owes You,” a system that intends to make affected Shibarium users whole.

SOU System Overview

In this system, every affected user has an SOU NFT, which is an on-chain, verifiable record of exactly what the Shiba Inu ecosystem owes them. The SOU is not a promise in a database somewhere but a cryptographic proof that Shibarium users own a claim, recorded permanently on the Ethereum blockchain.

The SOU tracks a principal amount, which is the value still owed to Shibarium users. When payouts happen, the principal goes down, as well as when donations come in from the community. Users will also be able to verify their original claim, what has been received and what is left. The SOUs can also be merged, split or transferred.

Two-Layer Recovery Framework

According to Shiba Inu team member Lucie, the “Shib Owes You” system has two distinct layers: an official one and another which is community-powered.

Official Layer: SOU NFTs on Ethereum represent what people lost in the Plasma Bridge exploit. These NFTs are on-chain, auditable and dynamic, defining exactly who is owed what. They serve as the accounting layer and track the debt but do not raise money themselves.

Community Recovery Layer: The second layer includes community-driven projects like Woofswap and operates on the BSC chain. This is not a replacement for the NFTs but rather a liquidity and fee generation mechanism. It creates volume and generates fees as part of activity geared toward recovery and ecosystem support.

Lucie clarifies that the SOU on BSC represents the Shiba Inu community support for recovery. It is not an IOU, nor a claim nor an official SHIB product. Rather, it is a funding rail that can direct trading activity toward donations and rebuilding.

Dual Function Design

While SOU NFTs on Ethereum are the truth layer defining what is owed, on the BSC chain, the system acts as a liquidity engine to help generate funds for the recovery effort.