01 / QUICK HIT
The core idea: subnets get a grace period similar to the existing 4-month immunity window, then face a gradually increasing emission taper unless they demonstrate sufficient value return relative to what they've received. Mature, high-emission subnets would need proportionally larger returns to avoid the taper, while smaller subnets would need less, creating a natural balancing effect across the network. Enforcement is the open question -- burned tokens forfeit any TAO refund on deregistration, making burns a harder deterrent, while conviction locks preserve that refund and are more reversible. Participants also flagged a separate risk: subnets that take alpha-holder investment as if it were equity, then introduce formal equity structures later that dilute what token holders expected to gain. One contributor said they're independently working on a proposal to align subnet equity structures with alpha holder interests, without sharing specifics yet. SN25's tokenomics, which already use token lockups, were cited as a live example of this kind of design.
- Burns: no TAO refund on deregistration -- stronger deterrent
- Conviction locks: refund preserved -- more reversible, weaker deterrent
- SN25 cited as an existing model using token lockups