On June 10, the blockchain interoperability protocol Wormhole announced that holders of its W token can now stake with the Tally Governance Portal. This allows them to participate in governance and have a say in the future direction of the Wormhole DAO and platform. This update is a significant step towards decentralization, as Wormhole introduces MultiGov, a multichain governance system for DAOs on Solana, Ethereum mainnet, and EVM L2s. According to Wormhole, the Wormhole DAO will be the first to adopt MultiGov, giving W holders the ability to create, vote on, and execute governance proposals on any supported chain.
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