In this phase validators are stress-testing the network. Once the testing phase ends, a genesis block proposal will be published by the community.
Genesis NAM balances are now accessible. NAM holders can operate validators, stake to validators, and vote on governance. Phase 2 will begin when governance votes to enable staking rewards and public goods funding (PGF).
Staking rewards are enabled for delegators and validators staking NAM. Public Goods Funding is enabled to support public goods in the Namada ecosystem and beyond. Phase 3 will begin when governance votes to enable transfers and shielding of IBC assets.
Transparent and shielded transfers of governance-enabled IBC assets are live. Users can begin shielding assets in the unified shielded set. NAM transfers remain locked until phase 5. Phase 4 will begin when governance votes to enable shielding rewards.
Shielding rewards for governance-enabled IBC assets are live. Users begin collecting rewards for shielding assets, which protects their data and helps strengthen Namada’s unified shielded set. Phase 5 will begin when governance votes to enable NAM transfers.
When the Namada community is confident that the network is stable, NAM transfers are enabled. All key protocol functionality is now live. From here on, new features and support for new assets can continue to be added by the community via on-chain governance.