Secret Network has "moved"โthis time to Arbitrum.
$SCRT will migrate from the Cosmos ecosystem to Arbitrum, reborn in the form of an ERC-20 token.
Key points are as follows:
A one-time snapshot will be taken on September 1, 2026. The snapshot covers only native SCRT and SCRT in staking (including the portion that is unbonding). sSCRT, SCRT held in contracts, SCRT in liquidity pools, and SCRT sent out via cross-chain bridges are not included. Holders must manually convert back to the native form before the snapshot or move into staking; otherwise, their allocation is considered forfeited.
Claims will use Merkle root proof. There is no need to pre-fund assets, and there is no deadlineโthis is relatively friendly, so you donโt have to worry about missing a window and having everything reset to zero.
Two related actions are also worth paying attention to: (1) a proposal to lower the inflation rate from 9% to 5%, and (2) after governance approval, SCRT Labs will stop maintaining Secret Network, with the code released as open source under a permissive license. Translated, it meansโthe original chain shifts into a "community self-governance + code hosting" model, and the value narrative is entirely betting on the new version running on Arbitrum.
Action checklist for token holders:
1. Review where your SCRT is stored, and convert any non-native/staked forms as early as possible;
2. Watch the results of the governance voteโthe plan is still in the proposal stage;
3. After the snapshot, thereโs no need to rush. Claim when needed using Merkle proof.
Turning a privacy chain from an independent L1 into L2 assets is both a compromise and a form of damage control. Whether it can restart the story through Arbitrum liquidity depends on how privacy features on the new chain are actually implemented.
#Secret #Arbitrum #Airdrop