#w
As an interoperability protocol that facilitates asset transfers between blockchains
announces updates to the tokenomics of its native Wormhole (W) token
including token reserves and providing more rewards for stakers.
These changes may affect the governance of the protocol
as staked Wormhole tokens will allocate voting power to representatives.
According to yesterday's announcement, the W token will see three major changes
W reserves funded by protocol fees and revenues, a base yield rate of 4% for staking
as well as higher rewards for active ecosystem participants
and a shift from bulk unlocking to bi-weekly unlocking.
In the short term, trading requires attention to market sentiment digesting positive news
and the subsequent trends in the overall cryptocurrency market.
Continuing to build! Follow Uncle Seven's footsteps to make profits and recover losses!
