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June 22, 2024
Blockchain Technology

Protocol Village: Wormhole Opens W Staking

June 10: Wormhole, the blockchain interoperability protocol, will enable holders of its W token to stake with the Tally Governance Portal, “permitting the chance to take part in governance and affect the long run path of the Wormhole DAO and platform,” in response to the group.” The replace marks “a major step towards decentralizing Wormhole by MultiGov, an industry-first multichain governance system for DAOs on Solana, Ethereum mainnet, and EVM L2s,” Wormhole mentioned in a press release. “The Wormhole DAO would be the first to undertake MultiGov, enabling W holders to create, vote on, and execute governance proposals on any supported chain.”

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