Hassan Maishera
TL;DR
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Developers of the privacy-focused blockchain Namada have proposed a partnership with Osmosis.
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The partnership proposal comes ahead of Namada’s mainnet launch.
Namada Proposes Airdrop Partnership With Osmosis
Christopher Goes, Co-Founder of Namada (a Layer-1 blockchain multi-chain privacy), has proposed a partnership with L1 Osmosis.
The partnership between the two projects is designed to enrich the respective ecosystems and bring a raft of benefits, particularly to holders of $OSMO tokens, stakers and LP’ers who would be eligible for an upcoming Namada airdrop.
Goes added that Namada is interested in allocating continuous public goods funding to a grants pool managed by the Osmosis Grants Program.
The NAM tokens would become available to OSMO investors if the partnership comes to fruition.
Goes added that the planned grants program would support numerous f privacy-centric research and development projects that benefit Cosmos-based Osmosis and Namada. He added that while Namad would fund the effort, he is hopeful that Osmosis would pitch in too.
Per the terms of the partnership, Namada would introduce its method for protecting asset privacy on Osmosis. The “shielded actions” would hide assets on Namada when not being used in trades on Osmosis, the Namada CEO added. He stated that;
“It would be pretty boring if you only had assets and couldn't do anything with them. So we expect that people want to go to Osmosis” and decentralized exchanges on other chains to trade their assets.”
Anoma Foundation, Namada’s Swiss-based nonprofit, would allocate some of its staking token NAM for airdrops to OSMO holders. At the moment, the snapshot hasn’t happened, and distribution could take place once Namada goes live.
Goes concluded that he is looking for more suggestions from the Namada community and is also seeking their permission to go forward with the proposal. The proposal is also subject to an OSMO governance vote.
