Hassan Maishera
On Wednesday, the Wormhole team announced via a blog post that it has released the upgraded W 2.0 Tokenomics. This tokenomics enhances the W token with the Wormhole Reserve, a 4% targeted base yield on W, and an Unlock Optimization that replaces annual cliffs with bi-weekly unlocks.
Wormhole Reserve will be a strategic reserve of W, where on-chain and off-chain protocol value will accumulate to support the growth of the Wormhole ecosystem. Wormhole will channel onchain and offchain protocol revenues and value generated across Wormhole, Wormhole Portal, and ecosystem applications into W, with proceeds contributing to the Wormhole Reserve.
Furthermore, W holders that continue to contribute to governance will soon begin to receive more regular yield.
Wormhole is a leading interoperability platform powering multichain applications and bridges at scale. Wormhole’s modular suite of open-source, permissionless protocols and tools is being used by multichain builders to create some of the most popular web3 applications. W is trading at $0.1036, up 16.8% in the last 24 hours.
