Using Namada’s multi-asset shielded pool (MASP), customers of the leading Cosmos LST provider can invest with an unparalleled level of security and earn NAM rewards for their contributions. Technically, Namada’s MASP works no differently than ZCash shielded assets, but can be integrated with any blockchain.
Stride Protocol partners with Namada to better protect assets in cross-chain LSTs
Multichain liquid staking protocol Stride has announced an integration with Namada, the shielded asset hub that rewards users for protecting the multichain. As a result, all users of Stride and its liquid staking platform will be able to work with LSTs in a more secure and convenient way.
1/4 Introducing the new and improved Stride website 🎉
The updated site is more user-friendly and informative. Moreover, it better conveys Stride’s reliability and safety.
New tokenomics page and new upcoming airdrops page.
To look at! 😀pic.twitter.com/aPnBDK5JMl
— Stride (@stride_zone) May 27, 2024
The integration will allow holders of Stride’s LSTs to use their tokens and benefit from the highest possible level of personal data protection. Using Namada’s multi-asset shielded pool (MASP), holders of Stride LST’s can collect NAM shielding rewards for protecting their data and strengthening Namada’s shielded set.
This technology ensures superior data protection by allowing individuals to hold and trade tokens and NFTs while having full control over the sharing of their personally identifiable information.
Stride contributor John Galt highlights the importance of the collaboration between the two protocols for the entire area of liquid staking and the Cosmos-based segment in particular:
The Namada and Stride Protocol will work synergistically. Stride LSTs allow users to earn staking rewards on their Cosmos tokens while using Namada’s shielded pool and collecting NAM shield rewards.
As previously reported by U.Today, the Stride (STRD) liquid staking protocol launched on the Cosmos (ATOM) mainnet in the first quarter of 2023.
The Cosmos LST ecosystem can collect NAM rewards
Dieter Fishbein, CCO of Heliax, one of the companies behind the development of Namada (NAM) solutions, echoes his colleague’s statement:
Stride is the leading liquid staking solution for the Cosmos ecosystem, so we’re excited to enable Namada shielding for users of all Stride LSTs. This integration is a big step towards the goal of bringing data protection capabilities to DeFi, not just on Cosmos, but on the broader crypto ecosystem.
In addition to advanced security, major LSTs are eligible for Namada Shield Rewards (NAM Tokens), meaning users can collect both staking rewards and shield rewards on the same asset, while enjoying industry-leading data protection guarantees.
Cutting-edge developments in data obfuscation allow Namada (NAM) to provide modular data protection capabilities to any existing blockchain network or decentralized application, with support for shielded cross-chain transfers.