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.
Token symbol
W
Max supply
10,000,000,000
Initial circulating supply
1,800,000,000
Token format
Native ERC20 and SPL (using Wormhole’s Native Token Transfer framework) — ERC20 to be added post-launch
Vesting
82% of W are initially locked, which will unlock over the course of four years per the vesting schedule below.
Wormhole's token-based governance system empowers token holders to influence the protocol's future. Some possible areas of decisions include:
Connection Management
Add and remove blockchain connections to Wormhole
Contract Upgrades
Upgrade smart contracts across Wormhole
Fee Adjustment
Adjust fees across various Wormhole products
Guardian Expansion
Expand or add new parties to the Guardian set
Rate Limiting
Adjust rate limits with regards to Wormhole security
Token Utility
Influence token utility and design
Launch on Solana
W will initially launch as a native SPL token on the Solana network.
Stake W to Self-Delegate
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.
EVM Expansion via Wormhole NTT
Following its Solana debut, W will expand to all Wormhole Native Token Transfers (NTT).
Multichain Governance
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.
