Wormhole has introduced governance staking, allowing W token holders to transfer them from Solana to EVM chains for participation in governance. The interoperability platform Wormhole announced the launch of the Stake for Governance feature. This function allows W token holders to transfer their assets from Solana to EVM chains and participate in Wormhole governance. The daily transfer limit for W tokens is 100 million.

Stake for Governance gives W token holders the right to shape the future of Wormhole DAO and the entire ecosystem. This announcement is the first step towards decentralization and the implementation of MultiGov—a multi-chain governance system for DAO. Wormhole DAO will initially implement MultiGov to enable W token holders to propose, vote on, and execute governance proposals for each supported chain.

To participate in governance, W token holders need to access the governance portal, transfer their tokens to a supported EVM chain, choose a delegate, and then stake their W tokens. This delegation is crucial for the community as it represents the interests of token holders and the goals of the Wormhole community. W tokens are available on Solana, Ethereum, Arbitrum, Optimism, and Base via Wormhole Native Token (NTT) transfers.