Iv done everything needed for after the nightfall emblem. lowered my times on every nightfall lowered my over all time to 114 minutes done all the challenges. Is it a RNG drop after completing the times? Why does this emblem need to be a secret on what you need to do? I know there is no way bungie will answer this. I dont mind grinding but I would like to know if me grinding the nightfalls is going to pay off in the end
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In my case, the Emblem did not drop when getting all the times needed for it according to nightfall.report . However, I got it after I got a better time on one Nightfall (Warden of Nothing) which was the only one over 10 minutes. So I would suggest that you keep trying to get better times on the Nightfalls which have high times.
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that is still a "secret" and bungie does not discuss it.