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Shiba Inu Launches SOU Compensation System: Using Dynamic NFTs to Track Hacker Incident Compensation Progress
【Crypto World】The Shiba Inu community recently launched an on-chain compensation system called “Shib Owes You”(SOU), specifically designed to address user losses caused by the Plasma Bridge hack.
This solution is quite interesting—it turns pending claims into dynamic NFTs, each capable of displaying real-time repayment progress. Users can hold these NFTs, trade them on secondary markets, or merge them.
Developer Kaal Dhairya revealed that the compensation funds mainly come from cost optimization and revenue reallocation within the ecosystem—no additional funding was raised; it’s just a reallocation of existing resources. Notably, they have also reinforced the Plasma Bridge with comprehensive security upgrades.
From the perspective of handling hacker incidents, this transparent, traceable, and tradable compensation approach is quite innovative in the Web3 ecosystem. It not only solves practical problems but also gives users a sense of participation.
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Basically, it's still about digging into your own pocket to fill the gaps. Not having new funding is indeed a bit tight.
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Turning claims into tradable NFTs, that's an interesting move... but it seems easy to be exploited by rug pulls.
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Plasma is in trouble again? This bridge really isn't very reliable.
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Cost optimization + revenue reallocation can cover payouts? Then where did all the previous funding go?
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Alright, at least the attitude is fairly sincere. Let's see if they can truly deliver in the future.
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The dynamic NFT approach is indeed innovative, but I'm more concerned about the payout cycle. How to ensure liquidity in such secondary market transactions?
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Hmm... another self-rescue plan. The Shib community still has resilience.
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So you can make an IOU into an NFT and trade it? Shiba Inu's move really shows some ingenuity
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Relying on the ecosystem to extract resources directly without financing, that requires some serious accounting skills
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Being able to see the repayment progress in real-time... Wait, isn't this just a disguised transparency marketing?
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Hold on, can this thing be traded on the secondary market? Then the payout NFTs might also be subject to speculation
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It's called a dynamic NFT in a nice way, but in a harsh way, it's just debt securitization. Has the bridge being hacked been half-solved?
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Ugh, I mean, can this design really hold up? What if problems arise again?
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Wait, the source of funds is from internal optimization? How much cost-cutting is needed to come up with the payout?
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Dynamic NFTs can be traded... feels like securitizing debt. I wonder if anyone will buy these certificates at low prices.
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Plasma has already been exploited, can we trust the payout strength this time? I'm skeptical.
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No external funding, bearing the burden alone. Kudos to the SHIB community, better than some projects passing the buck.
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Real-time display of repayment progress for NFTs... Is this transparency or a covert apology to hackers?
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Making the payout into tradable NFTs is clever, but it feels a bit like cutting the leeks.
Shib didn't seek external funding this time and directly extracted payouts from the ecosystem, which is quite bold. It all depends on how well the execution is carried out later.
Can SOU be traded on secondary markets? That's interesting, essentially securitizing the debt. This deal needs to be carefully examined.
Wait, all the funds are squeezed out from their own ecosystem? Shiba is really going all in this time.
If SOU can be traded on secondary markets, will it be vulnerable to being "cut" by traders? It depends on how the subsequent liquidity develops.
The merge feature is quite interesting, saving holders from fragmentation. Just not sure how long the redemption cycle will actually take...
The Plasma Bridge incident was really unfortunate; at least their attitude remains intact with this approach. Much better than some projects just running away with the funds.
By the way, could this system become an industry standard? It seems other projects should learn from it when facing hacker incidents.