NAMA Protocol Airdrop by Nama Finance: What Actually Happened and Who Got Paid

There’s a lot of confusion online about a NAMA airdrop from Nama Finance. If you’re searching for free tokens, you’re probably hearing rumors - but here’s the truth: Nama Finance never ran a public airdrop. What you’re likely mixing up is the Namada protocol and its NAM token, which did distribute 65 million tokens in a major retroactive reward program - and that window closed in December 2024.

Why People Think Nama Finance Ran an Airdrop

The names are almost identical: Nama Finance vs. Namada. Both involve blockchain tokens. Both have been discussed in crypto Twitter threads. But they’re completely different projects with different goals, teams, and token models.

Nama Finance is a decentralized NFT lending platform. It lets you use your BAYC, NBA Top Shot, or Uniswap V3 LP tokens as collateral to borrow stablecoins like USDC or DAI. In return, lenders earn interest - sometimes up to 35% APY - and both sides get NAMA token rewards. But there’s no evidence of a broad, public airdrop. No claim portal. No public list of recipients. No official announcement.

Meanwhile, Namada (pronounced “na-ma-da”) is a privacy-focused blockchain built on the Cosmos ecosystem. It uses advanced zero-knowledge cryptography to let users send ATOM, OSMO, TIA, or even NFTs anonymously across chains. In 2024, its team launched the Retroactive Public Goods Funding (RPGF) airdrop - a $10+ million distribution of 65 million NAM tokens - to reward developers, donors, and early supporters who helped build the protocol.

This is where the mix-up happens. People see “NAMA” and assume it’s the same as “NAM.” But NAMA (Nama Finance) is about NFT loans. NAM (Namada) is about shielded transactions. They’re not connected.

What the Namada (NAM) Airdrop Actually Was

If you’re wondering why so many people claim they got free tokens, it’s because Namada’s RPGF airdrop was real - and it was massive.

The Anoma Foundation, the team behind Namada, designed the airdrop to give ownership back to the builders. Eligible recipients included:

• Researchers and developers who contributed to Zcash, Rust, or zero-knowledge proof (ZKP) tech
• Gitcoin donors who funded ZK crypto projects or public goods
• Stakers of ATOM or OSMO who had at least $100 locked by November 1, 2024
• Owners of BadKid NFTs who held at least one NFT by November 14, 2024
• Participants in Namada’s Trusted Setup ceremony from 2023

BadKid NFT holders reportedly received between $200 and $300 worth of NAM tokens per NFT. Developers who worked on privacy protocols got even larger allocations. The claim portal, rpgfdrop.namada.net, closed on December 28, 2024. No extensions. No late claims. If you didn’t submit your wallet address before then, you missed it.

What About Nama Finance’s NAMA Token?

Nama Finance’s NAMA token is not traded on major exchanges. CoinMarketCap shows a $0 price and $0 trading volume as of late 2025. That doesn’t mean it’s dead - it just means it’s not circulating publicly yet.

The NAMA token is designed as a governance and incentive token for the NFT lending protocol. Borrowers get NAMA rewards when they take out loans. Lenders earn NAMA when they stake stablecoins. It’s a reward system tied directly to platform usage - not a giveaway.

There’s no public roadmap for a token sale or airdrop. No team has announced plans to distribute NAMA to the general public. The only way to get NAMA right now is to actively use the Nama Finance platform - borrow against your NFTs, lend stablecoins, or participate in governance.

How to Tell Them Apart

Here’s a quick reference to avoid getting scammed or confused:

Comparison: Nama Finance (NAMA) vs. Namada (NAM)

Feature	Nama Finance (NAMA)	Namada (NAM)
Primary Use Case	NFT collateral loans	Privacy-preserving cross-chain transfers
Token Purpose	Incentives for lenders/borrowers	Network fees, staking, governance
Airdrop in 2024?	No	Yes - 65M NAM tokens
Trading Volume (2025)	$0	Active on major exchanges
Blockchain	Multi-chain (Ethereum, BSC, Solana)	Cosmos-based, IBC-enabled
Official Site	nama.finance	namada.net

What You Can Still Do Today

If you’re interested in Nama Finance’s NAMA token, here’s your path:

1. Visit nama.finance - make sure it’s the correct site
2. Connect your wallet (MetaMask, Phantom, etc.)
3. Either lend stablecoins to earn interest + NAMA rewards, or borrow against your NFTs
4. As you use the platform, you’ll accumulate NAMA tokens over time
5. Hold NAMA to vote on future protocol upgrades

It’s not a free lunch - it’s a yield opportunity. You’re earning tokens by participating in a real financial service, not by claiming a past giveaway.

If you’re looking for privacy tech, check out Namada’s ongoing development. Even though the airdrop is over, the protocol is live. You can now send shielded transactions between Cosmos chains, use private NFT transfers, and stake NAM to secure the network.

Red Flags to Watch Out For

Because of the name confusion, there are scams trying to cash in. Watch for:

• Websites claiming “NAMA airdrop - claim now!” - these are fake
• Discord servers asking for your seed phrase to “claim your tokens”
• TikTok or Twitter ads promising “free NAMA tokens” - they’re phishing

Real airdrops never ask for your private keys. Real projects don’t rush you. If it sounds too good to be true, it is.

Final Takeaway

There was no NAMA airdrop from Nama Finance. The big airdrop everyone’s talking about was NAM from Namada - and it’s already over.

If you want NAMA tokens, you have to earn them by using the NFT lending platform. If you missed the NAM airdrop, you can still use Namada’s privacy tools - but you won’t get free tokens anymore.

The lesson? Always check the official website. Double-check the spelling. And never trust a tweet promising free crypto. Real value comes from participation - not from clicking links.