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W is the native token that powers the Wormhole platform
W will initially launch as a native Solana SPL token. ERC20 functionality will be enabled post-launch through Wormhole's Native Token Transfers (NTT), allowing seamless transfers across any Wormhole-connected network.
W will initially launch as a native SPL token on the Solana network.
Following its Solana debut, W will expand to all Wormhole-connect EVM chains using Wormhole Native Token Transfers (NTT).
Delegating tokens is a critical part of on-chain governance. W holders will be able to stake and delegate their tokens on both Solana and EVM chains.
The Wormhole DAO – made up of W token holders – will operate via an industry-first multichain governance system. This system will be available on Solana, Ethereum mainnet, and EVM L2s at launch.
Wormhole's token-based governance system empowers token holders to influence the protocol's future. Some possible areas of decisions include:
Add and remove blockchain connections to Wormhole
Upgrade smart contracts across Wormhole
Adjust fees across various Wormhole products
Expand or add new parties to the Guardian set
Adjust rate limits with regards to Wormhole security
Influence token utility and design
Check out all the different ways Wormhole helps you build cross-chain.
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