Namada, Osmosis to Co-fuse Blockchain to Fund Public Goods
Privacy-focused blockchain firm Namada is seeking to partner with Osmosis to fund software “public goods” and airdrop its planned NAM token to OSMO investors.
In a recent blog post, Namada co-founder Christopher Goes revealed that he has proposed a partnership with Cosmos-based Osmosis that would enrich the respective ecosystems and offer benefits to OSMO token holders, stakers, and liquidity providers.
He added that the company aims to roll out shielded actions on the Osmosis protocol, unifying privacy sets across the two networks.
The shielded action feature allows users to keep their assets private while being able to use all the necessary applications across the Cosmos and Ethereum ecosystems.
This strategy will offer better privacy, particularly for people who trade numerous cryptocurrencies across multiple platforms.
Namada will also contribute continuous public goods funding to a grants pool managed by the Osmosis Grants Program, which will finance projects of mutual benefit to both ecosystems.
Namada is a proof-of-stake blockchain with asset-agnostic shielded transfers designed to unify privacy sets across the Interchain. The platform supports privacy but not smart contracts or trading activities like Osmosis.
The Anoma Foundation, Namada's non-profit organization, aims to give an airdrop of a portion of Namada’s staking NAM tokens to OSMO holders and allocate funds for joint-interest areas.
The snapshot hasn’t yet happened and distribution could come after Namada goes live. The exact timelines and amounts are not identified in part because the Osmosis community has not yet weighed in.
Notably, the partnership proposal will only proceed if an OSMO governance vote approves it.
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