Namada’s Phase Five Proposal Initiated for Internal NAM Transfers
- Heliax proposes Phase Five for Namada’s NAM token.
- Community anticipates enhanced network activity.
- Potential liquidity boost as transfers unlock.
Namada, led by Heliax, launches Phase Five to enable internal NAM transfers this Friday upon governance approval.
The proposal boosts Namada’s utility by unlocking NAM internal transfers, likely increasing network activity and liquidity.
Heliax has officially initiated Namada’s Phase Five proposal. Internal transfers of the NAM token are aimed to begin this week, pending governance approval. This development enhances the token’s utility and could stimulate increased network activity.
“The Heliax team would like to propose that we begin Phase 5 later this week by enabling the internal transfer of the native token NAM.” – Heliax Team, Namada Forum
The primary entity involved is Heliax, a respected name in zero-knowledge and privacy-centric protocols. The current focus is on enabling NAM transactions, which have been locked until this phase. This step marks a significant shift in Namada’s functionalities.
NAM token holders could experience greater flexibility in staking and governance participation, potentially bolstering liquidity. Increased on-chain activity is anticipated across the Namada network following the enablement of internal transactions.
Financially, stakeholders await potential market shifts tied to NAM’s new transfer capabilities. Namada’s framework is poised for enhanced interchain activities, broadening its application across IBC-compatible networks. Insights and updates on the Namada ecosystem underline the strategic direction these changes imply.
Past phases suggest this transition may lead to an upsurge in network utilization and possible variability in token valuation. Historical trends in similar protocols show initial volatility followed by stabilization, tied to utility expansions.
