In short: Namada Blockchain is proposing a partnership with Osmosis to create a jointly funded grants programme. The plan will include the airdropping of NAM tokens to current Osmosis holders in a move designed to strengthen the relationship between the two protocols. Namada is seeking to establish partnerships before it launches on the mainnet. The proposals are being viewed as mutually beneficial, with the grants programme set to fund privacy-centric research initiatives and development projects for both platforms. Namada's plans are awaiting governance vote approval from the Osmosis Labs community.
Our quick analysis:
Namada Blockchain is up to something, and we like it. The privacy-centric protocol built on the Cosmos Network is seeking a stronger partnership with Osmosis (OSMO). Their co-founder, Christopher Goes, is working on a mutually beneficial proposal that will create a closer knit between the two protocols.
The deal involves jointly funded grants programs to bankroll software public goods and airdropping NAM tokens to present Osmosis holders. The proposal aims to solidify Namada's standing in the industry before its official launch on the mainnet.
Namada's focus will be on privacy-centric solutions and development initiatives. Their shielded technology will protect tokens on Namada when they're not in active use on Osmosis, leaving token holders less exposed to hacks and scammers.
The proposal raised some questions from the community regarding its success, as the governance vote is still under scrutiny. So, the timeline for the collaboration remains unknown as of now. However, Namada previously inked a similar partnership with privacy layer-1 protocol Zcash back in April this year, and we think the success rate with Osmosis is high.
In conclusion, a successful collaboration between Namada and Osmosis means the protection of tokens, community close-knittedness, mutual beneficial initiatives, and a possible financial boost for OSMO holders in the long term. We cannot wait to see how this unravels.
Image provided by Unsplash
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
Our quick analysis:
Namada Blockchain is up to something, and we like it. The privacy-centric protocol built on the Cosmos Network is seeking a stronger partnership with Osmosis (OSMO). Their co-founder, Christopher Goes, is working on a mutually beneficial proposal that will create a closer knit between the two protocols.
The deal involves jointly funded grants programs to bankroll software public goods and airdropping NAM tokens to present Osmosis holders. The proposal aims to solidify Namada's standing in the industry before its official launch on the mainnet.
Namada's focus will be on privacy-centric solutions and development initiatives. Their shielded technology will protect tokens on Namada when they're not in active use on Osmosis, leaving token holders less exposed to hacks and scammers.
The proposal raised some questions from the community regarding its success, as the governance vote is still under scrutiny. So, the timeline for the collaboration remains unknown as of now. However, Namada previously inked a similar partnership with privacy layer-1 protocol Zcash back in April this year, and we think the success rate with Osmosis is high.
In conclusion, a successful collaboration between Namada and Osmosis means the protection of tokens, community close-knittedness, mutual beneficial initiatives, and a possible financial boost for OSMO holders in the long term. We cannot wait to see how this unravels.
Image provided by Unsplash
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
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