PANews
PANews|Jul 28, 2026 13:58
[Secret Network Community Proposes Large-Scale Token Dilution for Existing Holders] According to the Secret Network community forum, former SNF leader Lisa Loud has published a draft proposal suggesting that a new entity under her leadership take over Secret L1 following the exit of Secret Labs. The proposal includes a one-time large-scale token issuance to restructure the token economy. The plan proposes 'dilutive issuance' (e.g., reducing the old supply to 20%) to allocate newly minted tokens to the new entity, validators, cross-chain relayers, developers, and victims of bridge hacks, without migrating the chain or excluding any existing token holders. Additionally, a protocol-level tax would be implemented to provide ongoing funding for development and infrastructure.
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