NAMA Protocol Airdrop by Nama Finance: What Really Happened and Who Got Paid
Oct, 30 2025
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If you're searching for details about a NAMA airdrop from Nama Finance, you're not alone. Many people thought they missed out on a big crypto giveaway. But here’s the truth: NAMA from Nama Finance didn’t run a public airdrop. What you’re probably thinking of is NAM from Namada - a completely different project with a similar name.
Why the Confusion Exists
The names are almost identical: Nama Finance (NAMA) vs. Namada (NAM). Both are blockchain projects. Both have tokens. Both sound like they could be part of the same ecosystem. But they’re not. This isn’t a typo. It’s a common mix-up that’s cost people time, money, and trust. Nama Finance is focused on NFTs. It lets you use your BAYC, NBA Top Shot, or Uniswap LP tokens as collateral to get loans. Think of it like pawning your sneaker collection to get cash - but on blockchain. The NAMA token rewards lenders and borrowers who use the platform, not a one-time airdrop. Namada, on the other hand, is about privacy. It’s a shielded blockchain that lets you send Bitcoin, Ethereum, Cosmos tokens, or NFTs without anyone seeing the amounts or addresses. Its NAM token was distributed through a massive retroactive airdrop - 65 million tokens, worth hundreds of millions at peak prices - to people who built tools, donated to open-source projects, or staked assets before November 2024.What Nama Finance (NAMA) Actually Offers
Nama Finance doesn’t give away tokens for free. It gives them as incentives for using its platform. Here’s how it works:- Borrowers: Lock up your NFTs (like CryptoPunks or Azuki) and get a loan in USDC, USDT, or DAI. Rates start at 5% per year. You keep your NFT until you repay. Miss a payment? It gets auctioned off.
- Lenders: Deposit stablecoins into lending pools. Earn up to 35% APY in NAMA tokens on top of interest. The more valuable the NFTs being borrowed, the higher your rewards.
- Token Utility: NAMA lets you vote on which NFT collections get listed, how fees are split, and what new chains to support. It’s governance, not speculation.
The Real Airdrop: Namada (NAM) and the $200M+ RPGF Drop
If you’re looking for a real, massive, documented airdrop - this is it. Namada, built by the Anoma Foundation, launched its Retroactive Public Goods Funding (RPGF) program in 2024. It wasn’t a marketing stunt. It was a reward for people who spent years building the privacy infrastructure the whole crypto space depends on. Eligible participants included:- Developers who contributed to Zcash, Rust, or Zero-Knowledge Proof libraries
- Gitcoin donors to ZK tech or crypto privacy projects
- Stakers of ATOM or OSMO who held at least $100 worth by November 1, 2023
- BadKid NFT holders who owned at least one NFT by November 14, 2023
- Participants in Namada’s Trusted Setup ceremony in 2023
What You Should Do Now
If you’re waiting for a NAMA airdrop from Nama Finance - stop. There isn’t one. Don’t sign up for “early access” sites promising NAMA tokens. They’re scams. Instead, if you own NFTs and want to earn yield:- Visit the official Nama Finance website (check the domain carefully - no typos)
- Connect your wallet
- Deposit a stablecoin into a lending pool
- Start earning NAMA rewards as borrowers take out loans against NFTs
- Buy NAM on exchanges like KuCoin or Gate.io
- Stake it to earn rewards
- Use the Namada wallet to shield your assets across chains
Key Differences at a Glance
| Feature | Nama Finance (NAMA) | Namada (NAM) |
|---|---|---|
| Primary Purpose | NFT-backed lending and borrowing | Privacy-focused multichain asset transfers |
| Token Airdrop? | No public airdrop. Rewards via platform usage. | Yes. 65M NAM distributed via RPGF (2024). |
| Token Supply | 1 billion max (0 circulating as of Oct 2025) | 1 billion total (65M already distributed) |
| Token Price (Oct 2025) | $0 (no trading volume) | $0.25-$0.40 (active trading) |
| Key Technology | Multi-chain NFT collateralization | Multi-Asset Shielded Pool (MASP) |
| Supported Chains | Ethereum, BSC, Solana | Cosmos, Ethereum, Bitcoin (via IBC) |
Common Mistakes People Make
- Signing up for fake NAMA airdrop websites - these steal your private keys.
- Buying NAMA tokens on exchanges - there are none. Any listing is a scam.
- Assuming Namada’s NAM airdrop was for Nama Finance - they’re unrelated.
- Waiting for a future NAMA airdrop - there’s no evidence one is coming.
What’s Next for Both Projects
Nama Finance is likely preparing to list NAMA on exchanges. Until then, its value is locked in usage. If you’re a lender or borrower, you’re already earning rewards - even if you can’t sell them yet. Namada continues to grow its shielded asset hub. New chains are being added. More NFTs are being supported. The protocol is live, secure, and used daily by thousands. Neither project is a get-rich-quick scheme. But one gives you real utility today. The other gave away millions to builders - and that’s over.Frequently Asked Questions
Was there ever a NAMA airdrop from Nama Finance?
No. Nama Finance has never run a public airdrop for its NAMA token. Token rewards are distributed only to users who lend stablecoins or borrow against NFTs on its platform. Any website claiming to offer a NAMA airdrop is a scam.
I think I qualified for the Namada NAM airdrop. Can I still claim it?
No. The claiming period for Namada’s Retroactive Public Goods Funding (RPGF) airdrop ended on December 28, 2024. If you didn’t claim by then, your allocation expired. There are no extensions or second chances.
How do I tell Nama Finance apart from Namada?
Nama Finance (NAMA) is about NFT loans - you use your digital art as collateral. Namada (NAM) is about privacy - you send any asset anonymously across chains. Check their websites: nama.finance for NFT lending, namada.net for privacy tech.
Is NAMA token worth anything right now?
As of October 2025, NAMA has no trading volume and is listed at $0 on CoinMarketCap. It’s not available on any major exchange. Its value is currently tied to platform usage, not market speculation.
Can I earn NAMA tokens without owning NFTs?
Yes. You can deposit USDC, USDT, or DAI into Nama Finance’s lending pools and earn NAMA rewards as interest. You don’t need to own NFTs to be a lender - only to be a borrower.
What happened to the BadKid NFT airdrop?
BadKid NFT holders who owned at least one NFT by November 14, 2023, were eligible for a Namada (NAM) airdrop - not Nama Finance’s NAMA. Each NFT was worth an estimated $200-$300 in NAM tokens. The claim deadline passed in December 2024.
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