According to The Block, Namada, based on Cosmos, has completed the final stage of its mainnet launch, introducing a system aimed at bringing "privacy as a service" to decentralized applications, assets, and blockchains. The mainnet's completion is synchronized with Namada's free market token distribution, making its native token NAM liquid, with trading set to begin this week.
The core of Namada's product is its "multi-asset shielded pool", which allows users to hide their asset holdings in decentralized exchange liquidity pools. This feature aims to enable privacy transactions across blockchains by allowing users to selectively disclose transaction details. The network is preparing for multiple integrations, currently planning to support Bitcoin through Lombard and Babylon, support Ethereum and Solana via cross-chain bridges, conduct shielded swaps on Osmosis, and be compatible with stablecoins and DeFi tokens.
