# Spotlight: 25m NAM conviction-based delegation initiative 🔦 **URL:** \ **Category:** Staking & Validators\ **Created:** [11 June 2025 14:03 UTC](https://forum.namada.net/t/spotlight-25m-nam-conviction-based-delegation-initiative/1714 "2025-06-11T14:03:02Z")\ **Posts on this page:** 1\ **Showing post:** 54
**Author:** ![Gavin](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.namada.net/gavin/32/16_2.png) [@Gavin](https://forum.namada.net/u/Gavin)\ **Post date:** [27 February 2026 19:46 UTC](https://forum.namada.net/t/spotlight-25m-nam-conviction-based-delegation-initiative/1714/54 "2026-02-27T19:46:15Z")
Luminara is winding down operations, and will no longer be responsible for PGF efforts. All NAM is being unbonded to be returned to the Namada community PGF. Thank you to everyone who participated ❤ > [@Knowable is leaving our Namada role](https://forum.namada.net/t/knowable-is-leaving-our-namada-role/1930): > > In November 2022, Knowable joined as a bootstrapped, independent team of three to help launch Namada:@spork.Knowable & @almostFitz initially, and later @CryptoDruide. It was a big opportunity, and we’re grateful to the Anoma Foundation / Heliax founders for it. After nearly 3.5 years, and with no hard feelings, Knowable is leaving this role. A big change in direction from June, when we were excited to propose this future for Namada: [NAM Utility & Namada’s Path to Success](https://forum.namada.net/t/nam-utility-namada-s-path-to-success/1775)But why? … --- _[View the full topic](https://forum.namada.net/t/spotlight-25m-nam-conviction-based-delegation-initiative/1714)._