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

Cross-chain protocol Wormhole announced that Wormhole DAO will be launched in the first quarter of 2025. To participate in the first vote, W holders need to complete governance staking. The Wormhole Staking Reward Program (SRP) is underway, supporting Solana and all EVM chains, and the first reward pool (Reward Period 1) will allocate no less than 50 million W tokens. Previously, Wormhole announced that its W Staking Reward Program (SRP) was officially launched. Users can now stake W on Solana and EVM chains including Ethereum, Arbitrum, Optimism and Base. Reward Period #1 is now open and can be traced back to June 6, 2024 when W staking starts on the EVM chain, providing a reward pool of at least 50,000,000 W. The program runs through the newly launched W Dashboard, where users can manage staking, view detailed indicators and track rewards. After the initial reward period, the program will transition to a regular reward period. 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 reward program is intended to be an ongoing program to encourage continued participation within the Wormhole ecosystem. Over time, new features and utilities will deepen the value of participation. Wormhole said it plans to launch the multi-chain governance system MultiGov in the first quarter of 2025, marking the beginning of the Wormhole DAO, where users can delegate, propose, and vote on Solana and EVM chains.