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  • Protocol Village: Wormhole Opens W Staking
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Protocol Village: Wormhole Opens W Staking

cryptovert June 11, 2024 1 min read

June
10:

Wormhole,

the
blockchain
interoperability
protocol,
will
allow
holders
of
its
W
token
to
stake
with
the
Tally
Governance
Portal,
“allowing
the
opportunity
to
participate
in
governance
and
influence
the
future
direction
of
the
Wormhole
DAO
and
platform,”
according
to
the
team.”
The
update
marks
“a
significant
step
toward
decentralizing
Wormhole
through
MultiGov,
an
industry-first
multichain
governance
system
for
DAOs
on
Solana,
Ethereum
mainnet,
and
EVM
L2s,”
Wormhole
said
in
a
statement.
“The
Wormhole
DAO
will
be
the
first
to
adopt
MultiGov,
enabling
W
holders
to
create,
vote
on,
and
execute
governance
proposals
on
any
supported
chain.”

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