Wormhole DAO will be launched in Q1 2025. W holders need to complete governance pledge to participate in the first vote

Odaily reported that the cross-chain protocol Wormhole announced that the Wormhole DAO will be launched in the first quarter of 2025, and W holders need to complete governance staking to participate in the initial vote. The Wormhole staking rewards program (SRP) is ongoing, supporting Solana and all EVM chains, with the first reward pool (Reward Period 1) to allocate no less than 50 million W tokens. Previously, Wormhole announced the official launch of its W staking rewards program (SRP). Users can now stake W on Solana and EVM chains including Ethereum, Arbitrum, Optimism, and Base. Reward Period #1 is now open, traceable back to June 6, 2024 for W staking on EVM chains, and will provide a reward pool of at least 50,000,000 W. The program is operated through the newly launched W Dashboard, where users can manage staking, view detailed metrics, and track rewards. After the initial reward period, the program will transition to periodic reward periods. Of the initial 1.7 billion W (17% of the supply), approximately 858,000,000 W are currently reserved for the community. The W staking rewards program is intended to be an ongoing program to encourage sustained participation in the Wormhole ecosystem. Over time, new features and utilities will deepen the value of participation. Wormhole stated that the multi-chain governance system MultiGov, marking the beginning of the Wormhole DAO, is planned to be launched in the first quarter of 2025, allowing users to delegate, propose, and vote on Solana and EVM chains.