Namada is a Proof-of-Stake layer 1 blockchain that enables private transfers of any fungible or non-fungible assets from Ethereum or IBC-compatible chains. By leveraging its Multi-Asset Shielded Pool (MASP) and innovative privacy features, Namada allows users to conduct confidential transactions across multiple chains while maintaining strong privacy protections.
The protocol natively supports private transfers and will extend its privacy properties to generalized, multichain application interactions.
By staking to an FCS node, you agree to the Finoa Consensus Services Terms and Conditions.
Staking NAM tokens means you lock them up on the Namada Proof-of-Stake network to help secure the chain. By delegating your NAM to validators, you contribute to transaction validation and block production, supporting Namada's privacy-preserving features.
Staking NAM allows you to earn rewards in NAM tokens for helping to secure the network. It also grants you participation rights in Namada's on-chain governance, allowing you to vote on crucial protocol upgrades and community decisions, such as the activation of staking rewards or public goods funding.
The primary risk is slashing, where a portion of your staked NAM can be forfeited if the validator you've delegated to misbehaves (e.g., double-signing blocks or prolonged downtime). Namada employs a cubic slashing mechanism, meaning the slashed amount can increase if multiple validators commit the same infraction simultaneously. Additionally, the market price of NAM can fluctuate.
If you decide to unstake your NAM tokens, there is an unbonding period of 14 days. During this period, your tokens are locked, do not earn rewards, and cannot be transferred. Note that staking transactions take effect after 2 epochs (approximately 24 hours per epoch).
You will typically use the Namada Keychain Extension browser wallet to interact with the Namadillo staking app. This combination allows you to connect your wallet, select validators, and delegate your NAM tokens securely.
Staking rewards for NAM come from the continuous minting of new tokens (inflation) and transaction fees. Rewards accrue once per epoch (approximately every 24 hours) and need to be manually claimed. They are not auto-compounding, meaning you must claim and re-stake them to increase your staked amount. Rewards become active after 2 epochs once bonded.
