Secret Network

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Secret Network is a first-of-its-kind, open-source blockchain that provides data privacy by default. As the first blockchain to support encrypted inputs, encrypted outputs, and encrypted state for smart contracts, Secret Network allows for new kinds of powerful decentralized applications to be built.

Secret Network is airdropping 10% of all the SEFI supply to SCRT stakers, SecretSwap LPs, Secret Network – Ethereum bridge users and certain Ethereum DeFi communities that are supported on the Secret Ethereum Bridge. The remaining 90% supply will be distributed to SecretSwap users, SEFI and SCRT stakers and for the development fund over the course of four years.

Step-by-Step Guide:
  1. Secret Network will take random snapshots between March 4th and SEFI genesis, which is on March 31st.
  2. A total of 10% of all SEFI supply will be distributed to eligible users at genesis as follows:
    • 75% will be distributed to SCRT stakers, SecretSwap LPs, Secret Network – Ethereum bridge users.
    • The remaining 25% will be distributed to certain Ethereum DeFi communities that are supported on the Secret Ethereum Bridge.
  3. The remaining 90% of the supply will be distributed after genesis to SecretSwap users, SEFI and SCRT stakers and for the development fund over the course of four years.
  4. For more information regarding the airdrop and distribution, see this Medium post.

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