Customers of the top Cosmos LST provider will be able to invest with an unmatched degree of security and get NAM incentives for their contributions by utilising Namada’s multi-asset shielded pool (MASP). In terms of technology, Namada’s MASP functions similarly to ZCash shielded assets and is compatible with all blockchains.
Stride Protocol teams up with Namada for better assets protection in cross-chain LSTs
Protocol for multichain liquid staking The protected asset hub Namada, which pays users to safeguard the multichain, has partnered with Stride, according to an announcement. All Stride users and those using its liquid staking platform will thereafter be able to interact with LSTs in a more easy and safe way.
Stride’s LST holders will be able to use their tokens and take advantage of the best possible level of personal data protection thanks to the integration. Holders of Stride LSTs will be able to obtain NAM shielding incentives for safeguarding their data and fortifying Namada’s shielded set by utilising the multi-asset shielded pool (MASP) provided by Namada.
https://x.com/stride_zone/status/1795097886218215490
By allowing users to keep and transact NFTs and tokens while maintaining complete control over revealing their personally identifiable information, this system ensures optimal data privacy.
John Galt, a contributor to Stride, emphasises the significance of the two protocols working together for the whole field of liquid staking, and its Cosmos-based section in particular:
Stride protocol and Namada will cooperate harmoniously. Users will be able to utilise Namada’s shielded pool and obtain NAM shielding awards in addition to earning staking incentives on their Cosmos tokens using Stride LSTs.
The Stride (STRD) protocol for liquid staking launched on the Cosmos (ATOM) mainnet in Q1, 2023, as previously reported by U.Today.
Cosmos LST ecosystem will be able to collect NAM rewards
Dieter Fishbein, Chief Commercial Officer of Heliax, one of the firms driving the creation of Namada (NAM) solutions, reiterates what his colleague says:
We are thrilled to provide Namada shielding to all Stride LST customers as Stride is the top liquid staking option for the Cosmos ecosystem. This integration is a significant step towards the objective of enabling DeFi to provide data protection features throughout the whole crypto ecosystem, not only on Cosmos.
In addition to enhanced security, significant LSTs will qualify for Namada shielding rewards (NAM tokens), allowing users to enjoy industry-leading data protection assurances while collecting both staking and shielding rewards on the same assets.
Namada (NAM) can offer shielded cross-chain transfers and adaptable data security features to any blockchain network or decentralised application that is currently in use thanks to advancements in data obfuscation.
