ChainCatcher message, Namada disclosed in a post on X that it will launch the first phase of its mainnet on December 3rd. Users will be able to stake NAM to validators and vote on on-chain governance proposals.

According to RootData, Namada is a Layer 1 protocol that uses a proof-of-stake mechanism for asset-agnostic interchain privacy. Namada natively interoperates with fast finality chains via IBC and with Ethereum through a trustless two-way bridge.