Wormhole announces that the first phase of staking rewards is now available for collection, and the second phase is launched simultaneously
According to official sources, Wormhole has announced that the first Staking Rewards Program (SRP) is now open for collection, with over 50 million W tokens distributed to 58,415 eligible addresses. The program is aimed at early token holders who stake on the EVM chain and Solana between June 10, 2024 and January 8, 2025.
To qualify for rewards, EVM chain users must have at least 25,000 W token days (e.g. holding 1,000 W for 100 days), while Solana users must maintain at least 100 W staked between December 4, 2024 and January 8, 2025. All rewards will be linearly attributed over 90 days after unlocking. Meanwhile, the second Staking Rewards Program has already begun.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solana validators slow to adopt Frankendancer for MEV reasons
The “main reason most validators aren’t running [Frankendancer] yet is because it doesn’t capture MEV efficiently,” a source told us
Trader says ETH bears are making a ‘mistake’ despite ETH/BTC 6-week slide
A certain address sold AGiXT too early and missed out on more than $4.4 million in potential profits
Trending news
MoreCrypto prices
More
