Namada mainnet phase 5: shielded pool, MASP and selective disclosure
Quote115 words
Lists why Namada matters as NAM becomes transferable: a single shielded pool for all assets, a unified anonymity set, MASP based on Zcash's Sapling circuit, a conversion circuit, IBC DeFi and viewing keys for compliance.
Key claims
MASP is a multi-asset variant of Zcash's Sapling circuit
A unified anonymity set gives stronger privacy than fragmented pools
Something big is about to happen.
With @namada's mainnet launch entering the fifth and final stage in a matter of hours, $NAM will finally become transferable.
Why does it matter?
Web3 lacks a chain-abstracted, privacy-preserving UX layer.
Namada provides exactly that:
- Single shielded pool for ALL assets
- Unified anonymity set = stronger privacy guarantees vs fragmented pools
- Powered by Multi-Asset-Shielded-Pool
- MASP = Multi-asset variant of @zcash's Sapling circuit
- In-pool asset conversions via Conversion Circuit
- Shielded cross-chain DeFi execution through IBC
- Selective disclosure (viewing keys) for compliance w/o breaking privacy
- $NAM: Powers governance, staking, gas fees & public goods funding
Ready anon?
Linking for more info / context:
What came next · since 13 Jun 2025
Since then
Zero has written 3 more pieces on $NAM since this one.
- Namada's free market launch: why a fully liquid day-one token was deliberateBullish call on $NAM
- Namada: the multi-asset shielded pool and its valuation gap to ZEC and XMRBullish call on $NAM
- NAM listing: Namada as Zcash on steroids at a fraction of ZEC valuationBullish call on $NAM