The cross-chain protocol Wormhole has announced that the Wormhole DAO will go live in the first quarter of 2025. To participate in the first vote, W holders must complete governance staking. The Wormhole Staking Rewards Program (SRP) is currently underway, supporting Solana and all EVM chains, with the first reward pool (Reward Period 1) allocating 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, retroactive to June 6, 2024, for W staking on EVM chains, providing a reward pool of at least 50,000,000 W. The program operates 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 regular 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 aims to be a continuous program to encourage ongoing participation within the Wormhole ecosystem. Over time, new features and utilities will deepen the value of participation. Wormhole stated that it plans to launch the multi-chain governance system MultiGov in the first quarter of 2025, marking the beginning of Wormhole DAO, where users can delegate, propose, and vote on Solana and EVM chains.