"Wormhole Introduces MultiGov for W Token Holders to Participate in Governance"
- Wormhole introduces staking for W token holders on Tally Governance Portal.
- Stakers can participate in governance decisions for Wormhole DAO and platform.
- MultiGov system decentralizes Wormhole across Solana, Ethereum, and EVM L2s.
- Wormhole DAO will be the first to adopt MultiGov for cross-chain governance.
- W holders can create, vote on, and execute proposals on supported chains.
- Update signifies a significant step towards decentralization and community influence.
Summary :
Wormhole, the blockchain interoperability protocol, has announced that holders of its W token will now be able to stake their tokens using the Tally Governance Portal. This move allows W token holders to participate in governance and have a say in the future direction of the Wormhole DAO and platform. The update is seen as a significant step towards decentralization, as it introduces MultiGov, a multichain governance system for DAOs on Solana, Ethereum mainnet, and EVM L2s. The Wormhole DAO will be the first to adopt MultiGov, enabling W token holders to create, vote on, and execute governance proposals on any supported chain.
Sources :
- Coindesk