Listening to Nate’s motivation for NSM, something clicked.
He designed it thinking about ZSAs, layer 2s, and bridges. The problem he wanted to solve: how do you funnel value from ecosystem activity back into the base layer? Ethereum has this problem with L2s extracting value without feeding it back.
This connects directly to a conversation happening in the Zcash NU7 into a JAM service . @sourabhniyogi asked for “a tZEC and zUSD plan for Zcash rollup hosts that creates demand for ZEC outside the private transfers use case.”
NSM is that plan. Or at least the foundation for it.
If Zcash becomes a rollup host, ZSA minting fees, rollup activity, layer 2 fees can all burn into the NSM and strengthen ZEC security. Value flows back to the base layer instead of getting extracted.
Without NSM, Zcash as a rollup host has the same value leakage problem as Ethereum. With NSM, there’s a natural economic loop.
Nate built the infrastructure for a multi-chain Zcash before most of us were even thinking about it.