Secret Network Community Proposes Large-Scale Token Minting, Diluting Old Supply to 20%
By: rootdata|2026/07/28 14:00:05
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Prefer us on GoogleFormer SNF leader Lisa Loud has released a draft proposing that after Secret Labs exits, a new entity will take over Secret L1 and restructure the token economy through a one-time large-scale minting. The plan aims to distribute newly minted tokens to the new entity, validators, cross-chain relayers, developers, and victims of bridge hacks through a "dilution minting" process, without migrating chains or excluding any token holders. It also sets up protocol-level taxes to continuously fund development and infrastructure. The example plan shows that the old supply will be diluted to 20%.
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