$W
Just now, the cross-chain protocol Wormhole announced a piece of news that will delight multi-chain enthusiasts—a multi-chain governance system, MultiGov, has officially launched on mainstream chains such as Solana, Ethereum, Base, Arbitrum, Optimism, and other EVM L2s! This means that you no longer have to deal with cross-chain Gas fees just to cast a vote, or be forced to lock your tokens on a single chain.
Wormhole governance enters the 'true multi-chain era'
As the first DAO to take the lead, Wormhole's own governance will fully integrate with MultiGov. W holders can now:
1. Delegate staking on Solana and earn rewards;
2. Initiate proposals on Base and rally ecosystem partners;
3. Vote on Optimism to determine the direction of protocol upgrades...
No need for cross-chain transactions at all! (Finally no more being exploited by MEV bots!)
This move also aligns with the recent trend of traditional institutions 'rushing onto the chain'—for example, BlackRock uses Wormhole for cross-chain management of a $1.9 billion BUIDL fund, and Apollo has moved $73 billion in assets onto multiple chains. Institutions need seamless, low-cost governance tools, and MultiGov perfectly addresses this pain point.