This will give W holders on Solana and EVM chains like Ethereum, Arbitrum, Optimism, and Base a chance to earn rewards.
If you hold W tokens, you can now stake them and start earning rewards while shaping the future of Wormhole.
What Is the W Staking Rewards Program?
According to its blog post , the SRP is designed to reward W token holders for their support and participation in the Wormhole ecosystem. The first reward period, Reward Period #1, is already open and dates back to when staking started on EVM chains on June 6th, 2024. This program combines staking, governance, and rewards, allowing users to take part in decision-making while earning rewards.
The Wormhole W Staking Rewards Program (SRP) is now live.
Stake for Governance in the new W Dashboard: https://t.co/LWsAqGbUBB pic.twitter.com/9I2znCn29T
— Wormhole (@wormhole) December 4, 2024
With the launch of the W Dashboard, W holders now have a simple way to manage their staking and governance activities. The dashboard lets you:
- Stake your W tokens to earn rewards .
- Track staking metrics like how many rewards you’ve earned and whether they’re locked or unlocked.
- Keep up with real-time stats on Wormhole’s growth, like transaction volumes and blockchain integrations.
When the Wormhole DAO and MultiGov launch in Q1-2024, the dashboard will also give you governance tools. This means you’ll be able to vote on proposals, review delegate performance, and have a say in the future of Wormhole.
Today’s launch of the W Staking Rewards Program (SRP) also includes the launch of W staking on @solana , along with @arbitrum , @base , @Optimism , and @ethereum .
Stake your W at https://t.co/LWsAqGbmM3
— Wormhole (@wormhole) December 4, 2024
Why Should You Stake Your W Tokens?
- Influence Governance: By staking your W tokens, you can participate in Wormhole DAO governance. This gives you the power to vote on decisions that shape the platform’s future. You’ll be a part of the team calling the shots.
- Earn Rewards: Staking W also makes you eligible to earn rewards. Reward Period #1 includes a reward pool of at least 50,000,000 W tokens. So, the more you stake, the more rewards you can earn!
- Stay Ahead: By staking W, you’re in a great position to take advantage of future features and updates. The Wormhole platform will keep evolving, and staking gives you access to new governance tools, staking options, and exclusive features.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
