The blockchain company, Namada, known for its emphasis on privacy, is exploring a collaboration with Osmosis to financially back software “public goods” and to distribute its anticipated NAM token to those invested in OSMO.
Namada’s co-founder, Christopher Goes, shared insights on this potential collaboration in a recent blog entry. He discussed the prospect of a partnership with the Cosmos-rooted Osmosis, aiming to fortify both ecosystems and extend advantages to OSMO token investors, stakers, and those providing liquidity.
Further expanding on their vision, Goes mentioned that Namada is set on introducing shielded activities within the Osmosis framework, thereby harmonizing privacy measures across both platforms.
The shielded action capability ensures that users can maintain the confidentiality of their assets while seamlessly accessing applications within the Cosmos and Ethereum landscapes.
This approach enhances privacy, especially beneficial for individuals who engage in trading a diverse range of cryptocurrencies across several platforms.
Additionally, Namada commits to regularly finance a grants pool supervised by the Osmosis Grants Program. This pool is tailored to sponsor projects that resonate with the interests of both ecosystems.
Namada operates as a proof-of-stake blockchain emphasizing asset-agnostic shielded transfers. Its primary goal is to harmonize privacy frameworks across the Interchain. While it champions privacy, it does not support functionalities like smart contracts or trading operations, which are inherent to platforms like Osmosis.
Namada to Airdrop NAM tokens to OSMO Holders
The Anoma Foundation, an altruistic branch of Namada, has proposed to distribute a segment of Namada’s staking NAM tokens to OSMO enthusiasts and set aside resources for areas of mutual interest.
While the snapshot detailing who qualifies for the airdrop is still pending, distribution might be scheduled post the official launch of Namada. Precise dates and allocation quantities are currently nebulous, primarily because the Osmosis community’s perspective hasn’t been factored in yet.
It’s crucial to understand that this collaboration idea will gain traction only if it receives the green light through an OSMO governance vote.
Goes emphasized community feedback in his blog, stating, “Before firmly deciding on this trajectory or specific allocations, we’re eager to hear the Osmosis community’s viewpoint.”
He further clarified, “The Anoma Foundation values consensus. We wouldn’t want to proceed with grant contributions, airdrops, shielded implementations, and so on, without it.”
Should the collaboration gain momentum, Namada has expressed its intentions to work hand-in-hand with both the Osmosis team and its community. Their goal would be to create a revamped version of the Osmosis interface, focusing on user experience while integrating Namada’s shielded actions seamlessly.
Though the proposal is still relatively fresh and hasn’t garnered a wide range of reactions, initial feedback appears promising. A notable comment came from an Osmosis participant named Leonoor’s Cryptoman, who expressed optimism about the community endorsing the airdrop, especially since it originates from a credible project.
Adding to his viewpoint, the user pointed out, “If securing funds is the aim – which is what my intuition suggests – the OGP (Osmosis Grants Program) is the right avenue to explore.” He further elaborated, “Relying on community pool funds seems outdated, especially now that we commission a specific body to handle such tasks for us.”