FinanceLane
  • Funding
    • Equity Funding
    • Debt Funding
    • Crowdfunding
    • Real Estate Funding
  • Investing
    • Stocks
    • Bonds
    • Mutual Funds
    • Commodities
    • Forex
    • Private Equity
    • Real Estate
    • Crypto Investing
  • Lending
    • Personal Loan
    • Business Loan
    • Mortgage
    • Credit Card
    • Microfinance
    • Peer-to-Peer Lending
  • Insurance
    • Life Insurance
    • Health Insurance
    • Auto Insurance
    • Education Insurance
    • General Insurance
  • Banking
    • Individual Banking
    • Business Banking
    • Investment Banking
    • Neo Banking
    • Payments Bank
  • Wealth
    • Earning
    • Savings
    • Investments
    • Budgeting
    • Credit Management
    • Tax Planning
    • Retirement
  • Fintech
    • Payments
    • Digital Banks
    • Alternative Financing
    • Asset Management
    • Softwares
  • Startup
    • Startup Ecosystem
    • Merging & Acquisition
    • Equity Investing
    • Franchising
    • Business Offers
  • Crypto
    • Crypto Coins
    • Crypto Trading
    • Bitcoin
    • Blockchain
    • DAPP
    • Crypto Investing
  • Login
No Result
View All Result
FinanceLane
  • Home
  • Funding
  • Investing
  • Lending
  • Insurance
  • Banking
  • Wealth
  • Crypto
  • Newsletters
  • Feedback
Home News Feed Blockchain News

Wormhole Governance Seeks Solana Delegates Amid Decentralization Efforts

Blockchainby Blockchain
April 23, 2025

Darius Baruo Apr 23, 2025 06:15

Wormhole Governance calls for Solana delegates following the W token launch, aiming to enhance decentralization. Delegates will play a crucial role in the governance ecosystem.

Wormhole Governance Seeks Solana Delegates Amid Decentralization Efforts

Wormhole Governance has initiated a public call for Solana delegates as part of its efforts to decentralize the protocol following the successful launch of the W token. This move marks a significant shift towards enhancing the governance structure within the Wormhole ecosystem, according to the official Wormhole blog.

Understanding the Role of Delegates

A delegate is an individual or entity entrusted to vote on behalf of W token holders. This mechanism is designed to ensure active participation in governance decisions by those who have the time and expertise to engage fully with the platform’s developments. Delegates are expected to critically analyze proposals and vote accordingly, providing transparency in their decision-making process.

Delegate Responsibilities and Participation

Delegates must commit to staying informed about the platform’s proposals, engaging critically, and voting regularly. While some may take a proactive approach by crafting proposals and participating in committees, others may choose a more passive role, focusing on reviewing and voting. Currently, there is no compensation program for delegates, but this could change if proposed and approved within the governance framework.

Becoming a Delegate

Interested individuals can become delegates by creating a profile on Tally, a governance platform. The term for a delegate is indefinite, lasting until they opt out or are no longer delegated power by token holders.

Introducing MultiGov

Wormhole, in collaboration with Tally and ScopeLift, is developing MultiGov, a pioneering multichain governance system. This platform will allow governance proposals and voting across chains like Solana, Ethereum mainnet, and EVM L2s. Wormhole will be the inaugural adopter of MultiGov, setting a precedent for decentralized governance across multiple blockchain networks.

About Wormhole

Wormhole is a leading interoperability platform that facilitates multichain applications and bridges across more than 30 blockchain networks. It supports a wide range of use cases, including DeFi, NFTs, and governance, and has processed over $50 billion in cross-chain transactions. The platform’s reliability is underscored by partnerships with notable teams like Circle and Uniswap.

Image source: Shutterstock Read The Original Article on Blockchain.News

Tags: GovernanceNewsSolanaWORMHOLE

Related Topics

Advisory

Here’s how you can protect your turf at work

Advisory

What should FD investors do now? RBI cuts repo rate by 50 bps, interest rates will fall further

Prev Next

You May Like

Advisory

Here’s how you can protect your turf at work

Advisory

What should FD investors do now? RBI cuts repo rate by 50 bps, interest rates will fall further

Advisory

Big savings for home loan borrowers as EMIs to fall significantly after RBI cuts repo rate by 50 bps

Advisory

Bakrid bank holiday today: Are banks open or closed in your state on June 6, 2025 for Id-ul-Ad’ha 2025

Advisory

HDFC Bank UPI and other services won’t be available on this date: Check details here

Advisory

Waiting list train ticket? Get ticket confirmation assurance with up to 3x money back guarantee from Ixigo, Redbus and MakeMyTrip

Advisory

Bank holiday on June 6, 2025 and June 7, 2025: Are banks closed tomorrow in your state for Bakrid?

Advisory

5 things you’re probably doing, that are pushing away success at your job

Financial News

Blockchain

BNB Chain’s Pascal Hard Fork to Enhance Ethereum Compatibility

Blockchain
by Blockchain
Advisory

These PNB bank account holders won’t be able to operate savings accounts if they don’t do this soon

FinanceLane
by FinanceLane
Advisory

Top 5 flexi-cap funds with up to 32.6% returns in 5 years, as on May 21, 2025

FinanceLane
by FinanceLane
Blockchain News

LangChain Unveils Innovative Ambient Agents for AI Interaction

Blockchain
by Blockchain
Blockchain News

Capital One Leverages AI Innovation for Enhanced Financial Services

Blockchain
by Blockchain
Blockchain

Ethereum Developers Discuss Major Updates in ACDE Call #203

Blockchain
by Blockchain
Investing

Why investing in equity is hard and how to be good at it

FinanceLane
by FinanceLane
Advisory

Top 5 Equity flexi-cap funds with up to 30.63% returns in 5 years, as on April 16, 2025

FinanceLane
by FinanceLane
Investing

Now Is the Best Time to Invest: Do not stop or redeem your equity investments!

FinanceLane
by FinanceLane
Advisory

Top 5 aggressive hybrid equity funds with up to 29% returns in 5 years as on April 2, 2025

FinanceLane
by FinanceLane
Advisory

Gold at record high: Should I increase allocation to gold ETFs or continue my equity MF SIPs?

FinanceLane
by FinanceLane
Advisory

After YES Bank, this bank cuts FD interest rate; check details

FinanceLane
by FinanceLane
Load More
FinanceLane.com
  • Disclaimer
  • Privacy Policy
  • Terms of use
  • Subscribe
  • Contact

Subscribe to get the latest updates

Follow us on

© 2022 FinanceLane.com. All rights reserved.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Home
  • Funding
    • Equity Funding
    • Debt Funding
    • Real Estate Funding
    • Crowdfunding
  • Investing
    • Stocks
    • Bonds
    • Mutual Funds
    • Private Equity
    • Merging & Acquisition
    • Real Estate
  • Lending
    • Personal Loan
    • Business Loan
    • Credit Card
    • Microfinance
    • Peer-to-Peer Lending
  • Insurance
    • Life Insurance
    • Auto Insurance
    • Education Insurance
    • Health Insurance
  • Banking
    • Business Banking
    • Payments Bank
    • Investment Banking
    • Individual Banking
  • Wealth
    • Earning
    • Savings
    • Investments
    • Budgeting
    • Credit Management
    • Tax Planning
    • Retirement
  • Fintech
    • Alternative Financing
    • Payments
    • Asset Management
    • Digital Banks
    • Softwares
  • Fintech
    • Alternative Financing
    • Asset Management
    • Digital Banks
    • Softwares
    • Payments
  • Crypto
    • Crypto Investing
    • Crypto Trading
    • Crypto Coins
    • Bitcoin
    • Blockchain
    • DAPP
  • Subscribe
  • Contact
  • Login

© 2022 FinanceLane - Terms and Conditions | Disclaimer | Privacy Policy

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.