W token rallies as Wormhole launches strategic reserve and 4% staking yield
0
0
Interoperable network Wormhole has made a crucial announcement ahead of the closely followed FOMC.
The team has unveiled W 2.0 Tokenomics, an upgrade set to reward loyal participants, strengthen W’s market stability, and better align ecosystem incentives.
It has introduced three innovative upgrades: The Wormhole Reserve, 4% base staking yield, and replacing yearly cliffs with bi-weekly token unlocks.
The official announcement highlighted:
This milestone represents a significant evolution in how Wormhole aligns incentives, distributes value, and empowers the people who help the ecosystem of Wormhole users, integrators, and contributors win.
The market reacted positively to the upgrade news. Native coin W saw a sharp uptick after the news, now up 9% on its daily price chart.
Prevailing sentiments signal investor trust in Wormhole’s transition to satisfy the demand of a fast-paced blockchain world.
The team emphasized that W 2.0 Tokenomics transforms how value flows back to ecosystem partners, contributors, and users.
Let’s explore details about the latest upgrades and their potential impact on the Wormhole ecosystem in the coming times.
The Wormhole Reserve
The Wormhole Strategic Reserve is at the core of the latest upgrade.
The strategic tool will accumulate protocol revenue, including fees collected from ecosystem applications, the Wormhole Portal, and other on-chain undertakings, over time.
That translates to gradually locking some W tokens away to capture long-term value.
The team commented on the soon-to-launch product, saying:
Upon launch, this will be a strategic reserve of W where on-chain and off-chain protocol value will accumulate to support the growth of the Wormhole ecosystem.
That approach ties W’s value directly to the platform’s growth, possibly offering holders stable incentives to stay active within the network.
4% yield for active stakers
The upgrade also introduces a 4% base yield for individuals who stake W coins and partake in governance activities.
🟣 4% Base Yield on W 🟣 Wormhole 2.0 is redefining yield with a 4% base reward (variable and not guaranteed) for W holders who stake for governance. This means every staker will have a clear, predictable way to earn rewards for contributing to the network’s growth and
The project will use protocol revenues and existing token allocations to fund the yield without extra inflation as W’s total supply remains at the $10 billion cap.
W 2.0 aims to reward activity instead of passive holding. Individuals can leverage the “Portal Earn” to boost their staking returns.
That further aligns incentives between community engagement and network growth.
Predictable token unlocks
Wormhole has introduced unlock optimization to replace existing yearly cliffs with bi-weekly unlocks from next month, October 3.
Annual unlocks often trigger sudden sell-offs as massive amounts of assets flood the market at once.
Investors can enjoy greater predictability with linear, organized unlock schedules.
W price outlook
The altcoin traded in the green after a significant jump following the upgrade announcement.
W is trading at $0.09578 after an over 9% surge on its 24-hour price chart.
The 300% surge in daily trading volume signals renewed interest in the digital token.
Nonetheless, today’s rate decision by the Fed will shape W’s performance in the upcoming sessions.
A dovish stance would mean extended gains, while disappointments can trigger notable dips.
The post W token rallies as Wormhole launches strategic reserve and 4% staking yield appeared first on Invezz
0
0
从同一位置管理所有加密资产、NFT 和 DeFi 资产安全地关联您正在使用的投资组合，以开始交易。