[Proposal] Begin Phase 5: Enable internal NAM transfers

Governance Ops
1

Hello everyone!

With the projected successful execution of Proposals #23 and #24 along with the node upgrades to v101.1.1, 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.

By “internal NAM transfers,” we mean the ability for anyone to send / receive / shield / unshield NAM on the Namada chain, but not cross-chain NAM over IBC until later. The intended governance proposal would be simple and look like this.

Enabling internal NAM transfers soon alone would greatly help us to start doing tests with other integrations and speed up the process of achieving full functionality of Namada. IBC transfers of NAM would be enabled at a later but soon-to-come date.

Independent of this, and as I mentioned before, we are still working on safely enabling Phase 4, and this should not delay the start of Phase 5. LFGGGG :rocket: :rocket:

18 Likes
2

Good idea to enable the internal transfer of the native token NAM for testing

1 Like
3

We support the proposal. LFG!

1 Like
4

We also support the proposal. LFG!

1 Like
5

If everything goes smoothly during Phase 4, we do not see any reason to delay Phase 5 :fire:
TuDudes is in support of this!

1 Like
6

I also support this proposal :+1:

1 Like
7

Nice! Great idea to start it off by enabling internal transfers of NAM.

I’m in!

3 Likes
8

Excellent idea and well-thought-out development of events. I support it.

3 Likes
9

Amazing news! Definitely support this :fireworks:

2 Likes
10

quick q: isn’t nam transfers enabling also external by definition? to any parties that hold nam wallets?

2 Likes
11

On ibc, could we risk being in an unfortunate assymetric position with respect to dex trading if any cex seizes the moment and lists nam on its own accord?

4 Likes
12

We Support this idea . LFG !!

1 Like
13

LFG !!! Fully support this

1 Like
14

This will prompt many people to sell tokens privately.

15

I think you understand that this is inevitable in any scenario!

LFG Namada, no way back!

1 Like
16

A governance proposal so as to raise IBC rate limit for NAM would be needed for that.

17

Fully supported, wait announcements about proposal

18

Proposal #25 is now on-chain!

4 Likes
19

Proposal #25

  • Data hash on-chain:
    c60d2b2158ebb5b0b964f0529fdb2b3d07ce7292d0918c08100700692c964499

  • Building phase5a.wasm from commit 31e492c using earthly +build: c60d2b2158ebb5b0b964f0529fdb2b3d07ce7292d0918c08100700692c964499

Result: hashes match :white_check_mark:

2 Likes
20

Support this proposal. Wasm hash was checked