By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AmextaFinanceAmextaFinance
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
AmextaFinanceAmextaFinance
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
AmextaFinance > Markets > Crypto > Namada, Osmosis to Co-fuse Blockchain to Fund Public Goods
Crypto

Namada, Osmosis to Co-fuse Blockchain to Fund Public Goods

News Room
Last updated: 2023/05/23 at 7:10 PM
By News Room
Share
3 Min Read
SHARE

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. 

Namada to Airdrop NAM tokens to OSMO Holders

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.

“Before committing to this plan, or to specific amounts, we would like to ask the Osmosis community as to what y’all think!” Goes said in the blog post. 

“In particular, the Anoma Foundation seeks consent – we would never want to contribute to the grants pool, conduct an airdrop, pursue shielded actions, etc.”

If the partnership moves forward, Namada said it will collaborate with the Osmosis team and community to develop a new version of the Osmosis frontend, providing UX while performing Namada shielded actions under the hood. 

While the proposal has not yet received much response from the community, some early respondents have shown support for the plan. 

For instance, Osmosis user Leonoor’s Cryptoman said he believes the community would support the airdrop given that it comes from a legit project. 

“If you are looking for funding (what my gutfeeling tells me) the OGP is the place to go,” the user added. “Community pool fundings are from the past imo, since we pay an entity to do the work for us.”



Read the full article here

News Room May 23, 2023 May 23, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Elon Musk wants to launch a new political party. Here’s why some people think it won’t work.

Watch full video on YouTube

Why Even High Earners Are Living Paycheck To Paycheck

Watch full video on YouTube

Bank of America: Higher Yielding Preferred Stock Is Still Attractive (NYSE:BAC)

This article was written byFollowThe Investment Doctor is a financial writer, highlighting…

“Invest in what you know.”

Watch full video on YouTube

‘All the banks were lying’: Tom Hayes on his decade-long battle for justice

The last time Tom Hayes had his picture taken at London’s Southwark…

- Advertisement -
Ad imageAd image

You Might Also Like

Crypto

'Fundamental Shift' in Traditional Bitcoin Market Cycle May Be on the Horizon

By News Room
Crypto

FTX/Alameda Unstakes Over $1B in Solana – Is a Major Price Shift Coming?

By News Room
Crypto

Man Utd launch Player Trading Cards digital collectibles and Fantasy United game | 31 July 2024

By News Room
Crypto

Solana Meme Coin Prices Surge – Sealana Raises Over 3 Million

By News Room
Crypto

Can New AI Meme Coin Oracle Meme Surge Like Pepe?

By News Room
Crypto

The Next 100X AI Crypto?

By News Room
Crypto

Argentinian Regulators Talk Bitcoin with El Salvador Authorities

By News Room
Crypto

BitGo’s $100M Suit Against Galaxy Gets Green Light from Delaware Supreme Court

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

YOUR EMAIL HAS BEEN CONFIRMED.
THANK YOU!

Welcome Back!

Sign in to your account

Lost your password?