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On June 9th, according to the information on the tally page, 53.68 million Wormhole tokens have been voted for proxy designation. Blockworks Research, Dan Reecer, co-founder of Wormhole Foundation, and olimpio.eth, an encryption KOL, are the top three delegates with voting rights.


On June 6th, Wormhole announced the launch of Stake For Governance. W token holders need to cross-chain W to the EVM chain and stake tokens to participate in governance. At the same time, as a security feature of the Wormhole Guardian, the daily transfer limit of W tokens from Solana to the EVM chain is 1 billion.
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