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
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?
