Namada, Osmose to Merge Blockchain to Fund Public Goods

Privacy-focused blockchain firm Namada seeks to partner with Osmosis to fund software “public goods” and send the 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 will 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 allowing them to use all necessary applications across the Cosmos and Ethereum ecosystems.

This strategy will offer better privacy, especially for people who trade many cryptocurrencies across multiple platforms.

Namada will also contribute continuous funding of common goods to a grant pool managed by the Osmosis Grants Program, which will fund 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 airdrop a portion of Namada’s stake NAM tokens to OSMO holders and allocate funds to areas of common interest.

The snapshot has yet to happen and the deployment may come after Namada goes live. The exact timelines and amounts have not been identified in part because the Osmose community has yet to weigh in.

Notably, the partnership proposal will only proceed if an OSMO board vote approves it.

“Before we commit to this plan, or to specific amounts, we want to ask the Osmose community what you think!” Goes said in the blog post.

“Especially the Anoma Foundation is applying consent – We would never want to contribute to the grant pool, carry out an air drop, pursue sheltered actions, etc.

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

Although the proposal has yet to receive much response from the community, some early respondents have shown support for the plan.

For example, Osmosis user Leonoor’s Cryptoman said he believes the community will support airdrop given that it comes from a legitimate project.

“If you’re looking for funding (what my gut tells me), OGP is the place to go,” the user added. “Common pool funding is a thing of the past, as we pay an entity to do the work for us.”