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Proposals #18. Whitelisting USDC, UM, NYM, and NTRN for Namada
Voting Period: May 2, 2025, 09:05:52 – May 8, 2025, 03:05:28 (UTC)
Details:This proposal seeks to add support for four new assets — USDC (via Noble), UM (Penumbra), NYM (Nym), and NTRN (Neutron) — to Namada’s MASP and transparent platform. These assets were selected based on community feedback, ecosystem alignment, and ease of integration. The proposal sets IBC rate limits and allows these assets to be used for gas payments.
Technical parameters:
USDC
- Global mint limit: 5,000,000
- Per-epoch limit: 1,000,000
- Gas price: 3 uusdc / gas unit
UM
- Global mint limit: 5,000,000
- Per-epoch limit: 1,000,000
- Gas price: 10 upenumbra / gas unit
NYM
- Global mint limit: 10,000,000
- Per-epoch limit: 2,000,000
- Gas price: 50 unym / gas unit
NTRN
- Global mint limit: 10,000,000
- Per-epoch limit: 2,000,000
- Gas price: 20 untrn / gas unit
Discussion: https://forum.namada.net/t/proposal-add-support-for-usdc-usdy-um-nym-ntrn/1648
How the BlockPro validator votes and why:
✅ Vote: Yes
Rationale:
BlockPro supports the inclusion of USDC, UM, NYM, and NTRN as it enhances Namada’s interoperability, aligns with the broader ecosystem, and provides users with more options for gas payments and liquidity. The proposal includes reasonable rate limits and gas fees, minimizing systemic risks while encouraging adoption. We also appreciate the community-driven asset selection process and transparency of the implementation.
