Wormhole launches staking governance function, with a daily transfer limit of 100 million W tokens from Solana to the EVM chain

PANews reported on June 6 that according to Wormhole's official Twitter account, the Stake for Governance feature has been launched. W token holders need to cross-chain their tokens to the EVM chain and stake them to participate in governance decisions. The daily transfer limit for W tokens from Solana to the EVM chain is 100 million. Through the Tally governance portal, users can stake W tokens and delegate voting rights to participate in the multi-chain governance of Wormhole DAO. The MultiGov system launched this time supports proposals and voting on Solana, Ethereum, and the EVM chain, marking an important step forward for Wormhole towards decentralization.