Secret Network Founder Proposes to Reference and Replicate the Luna-UST Economic Model

Privacy Blockchain Secret Network founder and CEO guy has started a community discussion proposing to reference and replicate the Luna-UST economic model. Extending Secret Network's ecosystem so that SCRT becomes the focal currency of the ecosystem, for example by burning SCRT to mint another currency with no slippage. The first candidates are currently planning to support at least one stablecoin and work with at least one MPC project that will have Secret Network as its Cosmos L1, while other coins can be added over time using community governance. To achieve this goal, a hard fork may follow, releasing a new non-circulating SCRT to the contract or module.