Namada, developed by Heliax, has formally introduced its Phase Five proposal, targeting the long-awaited activation of internal NAM token transfers. Scheduled to go live later this week pending governance approval, this update represents a key milestone in expanding the network’s core utility.
The proposed change will allow users to transfer NAM natively within the Namada ecosystem—eliminating previous limitations and unlocking new possibilities for staking, governance, and liquidity. According to the Heliax team’s official forum post:
“The Heliax team would like to suggest that we enable the internal transfer of the native token NAM later this week in order to start Phase 5.”
This initiative is expected to drive increased on-chain activity, improve transactional fluidity, and provide greater autonomy for NAM holders. As internal transfers go live, participants will gain enhanced flexibility to engage in ecosystem governance and interchain integrations, particularly across IBC-compatible networks.
Heliax, a leader in privacy-focused and zero-knowledge protocols, continues to steer Namada’s evolution with an emphasis on secure, decentralized infrastructure. The Phase Five rollout signifies a meaningful progression in protocol functionality and network readiness.
From a financial perspective, the move could influence NAM’s market dynamics, as newly enabled transfers may spark trading, staking, and liquidity shifts. Based on previous phases and comparable network upgrades, early volatility followed by functional stabilization is anticipated—pointing to a broader adoption trajectory for NAM in the coming months.
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