Empower Your Influence on Wormhole DAO with Stake for Governance
Discover how you, as a W token holder, can shape the future of the Wormhole platform through the Stake for Governance initiative. This new feature allows you to participate in the governance process by staking your tokens, giving you a passive role in decision-making.
Broadening Access to Governance Chains
Currently, the governance process is accessible on several chains, including Ethereum Mainnet, Arbitrum, Base, and Optimism. For those holding tokens on Solana, a transfer to one of the supported chains is necessary. Tally, a governance platform, has integrated Wormhole Connect to streamline token transfers within the application.
Easy Steps to Staking for Governance
1. Access Tally Platform
Visit the Tally Governance Portal to kickstart the staking process by connecting your wallet securely.
2. Connect Your Wallet Securely
Click on ‘Stake for Governance’ and link your preferred wallet to the platform. MetaMask is demonstrated in this guide for a seamless connection without gas fees.
3. Initiate Staking
After signing in, review the provided information and click ‘Start’ to begin the staking process.
4. Delegate Selection
Choose a delegate to represent your voting power. Users can explore delegate profiles on the Wormhole Forum or choose to delegate to themselves.
5. Validate Delegate Profile
Carefully review the delegate’s profile and click ‘Continue’ if satisfied. If not, go back to select a different delegate.
6. Transfer Tokens from Solana
If your tokens are on Solana, transfer them to a supported chain using the Tally widget. Choose the source network (Solana) and the destination network, confirm the transaction, and proceed.
7. Confirmation and Completion
Review the final details, agree to Tally’s Terms of Service, and click ‘Stake for Governance’. Sign the message in your connected wallet to finalize the staking process.
Protecting Your Assets
Wormhole urges users to stay vigilant against potential scams and ensure that all Wormhole-related webpages are hosted on the official wormhole.com domain. Official community and social channels are listed on Wormhole’s official platforms, and users should never provide personal information to unknown sources.
The introduction of Stake for Governance by Wormhole signifies a significant step in decentralized governance, offering token holders a straightforward and structured way to engage in decision-making processes.
Hot Take
Seize the opportunity to shape the future of Wormhole DAO by leveraging Stake for Governance. Participate actively in governance decisions and contribute to the evolution of the platform with your valuable insights and stake.
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