W Dashboard
W Staking

Your Positions

Claim

Governance

WIP-3: Establishment of a Grants Program

Passed

WIP-3: Establishment of a Grants Program

Abstract

This proposal introduces a Grants Program governed by Wormhole Governance and its delegates. The program is intended to fund and support initiatives that meaningfully contribute to the growth and success of the Wormhole ecosystem. The program will have a budget of $250,000 USD, also denominated in $W. Delegates will be responsible for evaluating proposals and voting, while the Wormhole Foundation will handle administrative execution and fund disbursement. Since there is currently no onchain treasury, all disbursements will be handled manually by the Wormhole Foundation.

Motivation

By establishing this program, Wormhole governance further evolves and provides a concrete way for its community members to engage and support the broader Wormhole ecosystem. It provides a clear and transparent way for community members to request and receive funding for ecosystem-aligned work.

Specifications

Budget

The initial Grants Program will operate with a total budget of up to $250,000 USD or the equivalent amount in $W, with a hard cap applied to both denominations. The USD-to-$W exchange rate for the overall program cap will be determined using a 7-day Time-Weighted Average Price (TWAP) as of the day the proposal is approved via onchain voting.

Each individual funding proposal must specify the requested amount in either USD or $W. When necessary, the Wormhole Foundation will perform currency conversions using the 7-day TWAP on the day of funding disbursement. To ensure accurate budget management, the Foundation will maintain an ongoing tally of both USD and $W disbursed, ensuring neither cap is exceeded over the lifetime of the program.

Proposal Categories

The program will cover two categories of proposals:

  1. Funding Requests: This category is available for proposals that focus on a funding request for a very specific ask, e.g. products, audits, research, and similar.
  2. Community Initiatives: This category is available for proposals that focus on overall community development and growth, e.g. grants, marketing, events, and similar.

Proposals should follow the proposal templates available below.

Governance and Approval Process

The governance process for proposals seeking funding from the Grants Program need to follow the Wormhole Governance Proposal Process as outlined in the WIP-2 forum post.

Administration and Fund Disbursement

While Wormhole Governance will approve or deny proposals for funding, the Wormhole Foundation will be responsible for administration (including performing KYC/KYB checks on funding recipients) and disbursement of the grants. There will be no onchain execution of the grants at this stage, given there is currently no onchain treasury.

Reporting

The Wormhole Foundation will also be responsible for regular reporting back to Wormhole Governance regarding how funds from the Grants Program are being spent. Reports will initially be delivered on a monthly basis and include status updates and disbursed amounts. The reporting cadence may be adjusted over time depending on the volume of approved proposals.

All recipients of funding through the Grants Program are required to submit a public report to Wormhole Governance within 30 days of completing their proposed initiative or milestone. Reports should be posted in the same governance forum thread as the original proposal and include the following:

  • Summary of activities carried out
  • Status of deliverables and milestones
  • Quantitative impact (KPIs as defined in the proposal)
  • Qualitative outcomes and learnings
  • Detailed breakdown of how funds were spent
  • Any remaining funds and plan for their use
  • Links to relevant artifacts (e.g., code, content, event recaps, photos)

Funding Request Proposal Template

Abstract (2–3 Sentences)

Provide a concise overview of the initiative, stating the purpose and expected outcome.

Example:

“This proposal aims to increase our reach in the Latin American community by translating our documents to Spanish for easier onboarding”

Motivation

Explain the importance of this project:

  • What problem or opportunity does it address (e.g., UX, Wormhole reach, Access to specific group of people)?
  • How does it strengthen the Wormhole ecosystem and brand awareness?

Rationale

Describe how the proposal supports Wormhole’s broader mission and governance principles:

  • Foster community-led growth and participation.
  • Encourage adoption of Wormhole’s cross-chain technology.
  • Ensure responsible use of funds.

Proposed Activities & Goals

Outline the specific actions and their intended impact:

  • Ecosystem specific projects (leads to the development of Wormhole as a foundational technology)
  • Partnerships (external collaborations)
  • Marketing Initiatives (content creation, social media campaigns)
  • Translation of documents (leading to increased adoption)

Project Impact & Measurement

Explain how success will be measured:

  • KPIs (core product usage metrics, active users from specific blockchain)
  • Reporting (commitment to transparent updates and final results)

Steps to Implement

Detail how you will execute the proposal:

  • Plan / Preparations (development requirements, project management process, responsible people)
  • Execution (project timelines, progression communication strategy)
  • Follow-Up / Evaluation (collect feedback, measure KPIs)

Timeline

Provide dates or ranges for all stages:

  • Start Date
  • Milestones (project specific)
  • Completion Date (when final deliverables or reports are published)

Overall Cost / Budget

Break down required funding:

  • Fixed Costs (project specific)
  • Variable Costs (project specific)
  • Recurring Costs (monthly stipends for maintenance)
  • Contingency (buffer for unexpected expenses)

Mention the source of funds (community treasury, foundation grants, etc.).

Resubmission Guidelines (If Previously Not Passed)

If the proposal is a resubmission, include:

  • Link to Previous Proposal
  • Reasons for Rejection
  • Changes Made
  • Additional Information (addressing prior concerns)

Notes on Phased Governance & Foundation Oversight

  • Foundation-Controlled Accounts: Acknowledge if final approval or fund disbursement depends on the Wormhole Foundation’s multi-sig or any other special permissions.
  • Emergency or Fast-Track Processes: Mention if there is a need for expedited governance paths, with clear justification.

Declaration of no conflict of interest

By completing this form, I confirm that we are able to deliver on the proposal, that there is no conflict of interest, or that such conflicts have been disclosed, we will adhere to the requirements of the Foundation to receive the necessary funds, which include but are not limited to passing KYC/KYB requirements, providing a wallet in which to receive funding, signing necessary legal agreements. We agree that should we be unable to comply with these requirements and other reasonable requests from the Foundation, the Foundation can cease collaboration.

Community Development Proposal Template

Use Case:

  • Proposals that focus on overall community development and growth.
  • Initiatives requiring funding from DAO treasury assets (e.g., grants, marketing, events).

Abstract (2–3 Sentences)

Provide a concise overview of the initiative, stating the purpose and expected outcome.

Example:

“This proposal aims to allocate 50,000 community tokens to fund a multichain hackathon series that encourages developers to build on Wormhole-supported networks.”

Motivation

Explain the importance of this community effort:

  • What problem or opportunity does it address (e.g., education, user acquisition, marketing)?
  • How does it strengthen the Wormhole ecosystem and brand awareness?

Rationale

Describe how the proposal supports Wormhole’s broader mission and governance principles:

  • Foster community-led growth and participation.
  • Encourage adoption of Wormhole’s cross-chain technology.
  • Ensure responsible use of community funds.

Key Terms (Optional)

Define specialized community or marketing terms, if any:

  • Hackathon Grants
  • Developer Bounties
  • Ambassador Programs

Proposed Activities & Goals

Outline the specific actions and their intended impact:

  • Events or Campaigns (conferences, hackathons, workshops)
  • Online Initiatives (content creation, ambassador programs, social media campaigns)
  • Partnerships (sponsorships)

Community Impact & Measurement

Explain how success will be measured:

  • KPIs (number of participants, dev signups, community growth)
  • Reporting (commitment to transparent updates and final results)

Steps to Implement

Detail how you will execute the proposal:

  • Plan / Preparations (venue booking, marketing materials, sponsor onboarding)
  • Execution (event timelines, role assignments, communications strategy)
  • Follow-Up / Evaluation (collect feedback, measure KPIs, post-event report)

Timeline

Provide dates or ranges for all stages:

  • Start Date
  • Milestones (marketing launch, sponsor announcements, etc.)
  • Completion Date (when final deliverables or reports are published)

Overall Cost / Budget

Break down required funding:

  • Fixed Costs (venue fees, marketing materials, promotional events)
  • Variable Costs (prize pools, travel reimbursements, speaker fees)
  • Recurring Costs (monthly stipends for ambassadors or staff)
  • Contingency (buffer for unexpected expenses)

Mention the source of funds (community treasury, foundation grants, etc.).

Resubmission Guidelines (If Previously Not Passed)

If the proposal is a resubmission, include:

  • Link to Previous Proposal
  • Reasons for Rejection
  • Changes Made
  • Additional Information (addressing prior concerns)

Notes on Phased Governance & Foundation Oversight

  • Foundation-Controlled Accounts: Acknowledge if final approval or fund disbursement depends on the Wormhole Foundation’s multi-sig or any other special permissions.
  • Emergency or Fast-Track Processes: Mention if there is a need for expedited governance paths, with clear justification.

Declaration of no conflict of interest

By completing this form, I confirm that we are able to deliver on the proposal, that there is no conflict of interest, or that such conflicts have been disclosed, we will adhere to the requirements of the Foundation to receive the necessary funds, which include but are not limited to passing KYC/KYB requirements, providing a wallet in which to receive funding, signing necessary legal agreements. We agree that should we be unable to comply with these requirements and other reasonable requests from the Foundation, the Foundation can cease collaboration.

WIP-2: Ratification of Wormhole Governance Proposal Process

Passed

WIP-2: Ratification of Wormhole Governance Proposal Process

Abstract

This proposal introduces the Wormhole Governance Proposal Process.

The proposal will go to an onchain vote for ratification on May 23, 2025 using Tally, powered by MultiGov. Ratification will require reaching quorum which is set to 350M W tokens at initiation of Wormhole Governance.

Wormhole Governance Proposal Process

Steps Employed in the Proposal Process

1. Idea Development

  • Purpose: The initial phase allows community members to brainstorm, refine, and discuss ideas informally. It is very important that conversations are stimulated to introduce participation and minimize pushback during the later stages of the proposal life cycle.

2. Draft Proposal Submission

  • Proposals are required to include:
    • Title and clear objective.
    • Lead author and any co-authors.
    • Problem statement and proposed solution.
    • Technical or resource details.
    • Expected outcomes and KPIs.
  • Proposals lacking detail may remain in the forum for idea refinement. The Governance material should emphasize the importance of completeness and clarity before advancing to later stages.

3. Community Comment Period

  • Timeline: This period will last a minimum 5 days during which community members provide feedback, raise concerns, and suggest improvements.
  • Platform: Comments are posted on the Wormhole Governance forum thread with sections for questions, concerns, and endorsements.

4. Temperature Check Phase

  • Process: Proposals advancing to this phase undergo an off-chain vote using Snapshot.
  • Thresholds: The quorum is set to 115M W tokens at initiation of Wormhole Governance.
  • Timeline: The Temperature Check off-chain vote will run for 3 days.

5. Final Proposal Submission

  • Upon successful completion of the Signaling Phase off-chain vote, formal proposals will be published to the forum. This proposal should be the final draft and should reflect any changes to the original proposal.
  • Timeline: This stage will allow for a minimum 3 days for community members to complete final review and discussion before the final vote stage.
  • Requirements: Proposals must include:
    • Title and clear objective.
    • Problem statement and proposed solution.
    • Technical or resource details.
    • Expected outcomes and KPIs.

6. Voting Phase

  • Process: Proposals advancing to this phase undergo an onchain vote using Tally, powered by MultiGov.
  • Thresholds: The quorum is set to 350M W tokens and the proposal threshold is set to 1M W tokens at initiation of Wormhole Governance.
  • Timeline: The Voting Phase is comprised of the following periods:
    • The voting delay is 2 days, to provide token holders with time to move their tokens and delegate their voting power in advance of the vote.
    • The voting period is 5 days.

7. Implementation and Monitoring

  • Execution: Approved proposals proceed to implementation. There is a timelock delay of 4 days for approved proposals.
  • Please note that proposals with onchain execution will not be accepted.

Timeline Between Phases

  • Idea Development: Ongoing and unstructured.
  • Draft Submission: It is encouraged that all ideas spend the necessary time in the Idea Development phase before drafts are submitted, but this is not a necessity.
  • Community Comment Period: minimum 5 days.
  • Signaling Phase: 3 days
  • Final Proposal Submission: 3 days
  • Voting Phase: 7 days
  • Timelock Execution Delay: 4 days
  • Implementation: Dependent on the proposal’s specifics.

Veto and Resubmission Policy

  • Reasons for Veto:
    • Legal non-compliance (determined by the Foundation).
  • Resubmission:
    • Vetoed proposals may be resubmitted after a 30-day cooldown, provided they address the reasons for rejection.
    • No additional review mechanisms are planned for repeatedly vetoed proposals.

Total Votes

432,271,522.691 W

For: 99.7%

Against: 0.0%

5/30/2025

WIP-1: Ratification of Code of Conduct for Wormhole Governance

Passed

WIP-1: Ratification of Code of Conduct for Wormhole Governance

Abstract

This proposal introduces a Code of Conduct for Wormhole Governance.

The proposal will go to an on-chain vote for ratification on May 23, 2025 using Tally, powered by MultiGov. Ratification will require reaching quorum which is set to 350M W tokens at initiation of Wormhole Governance.

Forum Code of Conduct

TL:DR

Stay on topic: This forum is dedicated to discussions related to Wormhole governance only. Please refrain from discussing unrelated topics. Off-topic or irrelevant posts may be removed by the moderators.

Be respectful: Respect other forum members, their opinions, and their rights to express themselves. Do not use offensive or derogatory language, personal attacks, or hate speech.

Foster Creative Dialogue: We encourage healthy and constructive debates that lead to learning and growth. However, we do not tolerate unproductive or malicious behavior, such as trolling or spamming. Spamming or repeated attempts to promote a product or service will result in removal from the forum

Support claims with evidence: Back up your claims and arguments with reliable sources and evidence. Unsupported opinions or rumors are not allowed.

Stay legal: Do not engage in activities that are illegal or violate the rights of others, including intellectual property rights.

Preserve Privacy: Do not share personal information about yourself or others, including email addresses, phone numbers, or social media handles.

Encourage diversity: We strive to maintain an open, diverse, and welcoming environment, where every voice – regardless of background or viewpoint – is encouraged and valued.

Follow the rules: Abide by the rules and guidelines set forth by the forum moderators. Failure to do so may result in disciplinary action, including temporary or permanent suspension from the forum.

Moderation and Accountability: The forum moderators reserve the right to remove any posts or comments that violate these guidelines or are deemed inappropriate. Repeat offenders may be banned from the forum.

Remember, the purpose of this forum is to foster productive and respectful discussions related to governance. We encourage everyone to contribute their ideas and perspectives, and to learn from each other.

Code of Conduct for the Wormhole Governance Forum

Welcome to the Wormhole Governance Forum! This platform is dedicated to fostering productive discussions and the exchange of ideas related to Wormhole governance. To ensure a respectful and constructive environment, please adhere to the following guidelines:

1. Stay on Topic

This forum is strictly for discussions related to governance topics. Please avoid posting content unrelated to governance matters.

  • Examples of acceptable topics: Governance proposals, voting mechanisms, policy discussions, and improvements
  • Examples of unacceptable topics: Personal grievances, market and price action discussions, non-topical crypto industry developments, or general technology topics not tied to Wormhole governance
  • Note: Moderators may remove off-topic posts or redirect users to more relevant channels if necessary

2. Be Respectful

A respectful environment is the foundation of a healthy community. Treat all members with kindness and courtesy, regardless of differing opinions or perspectives.

  • Prohibited behaviors:
    • Offensive or derogatory language
    • Personal attacks or name-calling
    • Hate speech targeting any individual or group based on race, religion, gender, orientation, or other characteristics
  • Encouraged behaviors:
    • Listening actively and seeking to understand others’ viewpoints
    • Disagreeing respectfully and focusing on ideas, not individuals

3. Keep It Constructive

The forum thrives on meaningful, productive discussions that contribute to collective learning and progress.

  • Healthy debates are welcomed, but they must aim for solutions or shared understanding
  • Prohibited behaviors:
    • Trolling: Intentionally provoking or inciting arguments without meaningful contribution
    • Spamming: Flooding the forum with irrelevant messages or promotional content
    • Repeatedly advertising services or products without relevance to governance discussions will lead to removal
    • Account usernames should not include terms that may confuse, mislead, or misrepresent others

4. Provide Evidence

Opinions are valuable, but they carry more weight when backed by evidence and reliable sources. This ensures discussions are informed and credible.

  • Examples of acceptable evidence:
    • Linking to reputable articles, studies, or official data
    • Referencing governance reports, on-chain data, or detailed analysis and research
  • Avoid spreading rumors, speculation, or unsubstantiated claims, as these can mislead or distract from productive conversations

5. Stay Legal

All forum activity must comply with applicable laws and respect the rights of others.

  • Prohibited activities:
    • Sharing copyrighted content without permission
    • Promoting illegal activities, scams, or malicious software
    • Violating others’ intellectual property rights
  • When in doubt, consult a moderator or seek legal clarity before posting

6. Protect Your Privacy

To safeguard the community and yourself, do not share personal or sensitive information.

  • Examples of prohibited information:
    • Names of anonymous contributors
    • Email addresses, phone numbers, or physical addresses
    • Social media handles or other identifying details of yourself or others
    • Sharing your crypto address
  • If sharing information is necessary, use private, secure channels and ensure consent is obtained

7. Encourage Diversity of Viewpoint

Encourage diverse participation from internal and external points of view.

  • Examples of behavior that encourage diverse participation
    • Encourage a problem-solving approach, focusing on finding mutual understanding rather than “winning” debates
    • Publicly credit individuals for their contributions and encourage others to build on those ideas
    • Clearly outline the objectives and scope of forum topics so that community members understand how to contribute meaningfully
  • Examples of behavior that discourage diverse participation
    • Evaluating viewpoints based on a participant’s governance rights
    • Gatekeeping knowledge by insisting on overly technical language or jargon
    • Ignoring certain contributor comments
    • Using aggressive, confrontational, or belligerent tone

8. Follow the Rules

Adhering to the forum guidelines is mandatory for all participants. These rules exist to ensure a fair, respectful, and valuable space for everyone.

  • Consequences for non-compliance:
    • Warnings for minor infractions
    • Temporary suspension for repeat offenses
    • Permanent bans for severe or repeated violations

9. Moderation

The forum moderators are here to ensure the guidelines are upheld and the environment remains welcoming and productive.

  • Moderators reserve the right to:
    • Edit or remove posts/comments that violate guidelines
    • Issue warnings, suspensions, or bans based on the severity of the offense
  • Moderation guidelines
    • Encourage respectful and civil discourse
      • Set an example for how to refrain from harassment, hate speech, or personal attacks
      • Focus discussions on ideas rather than individuals
    • On-topic, constructive engagement
      • Question how irrelevant posts comment apply to Wormhole
      • Highlight lack of evidence where necessary
    • Inclusivity and Diversity
      • Encourage participation from all individuals or organisations
      • Highlight differing perspectives are not discussed with mutual respect
    • Legal and Ethical Compliance
      • Prohibit unlawful or infringing content (e.g., copyright violations, malicious software)
    • Privacy Protection
      • Remove disclosure of any personal information
  • Do not assume anonymity relates to intention

Final Note

The Wormhole Governance Forum is a space for collaboration, innovation, and respectful dialogue. By following these guidelines, you help build a community where ideas can flourish, and everyone’s voice is valued. Let’s work together to shape a better governance framework for Wormhole.

Total Votes

434,607,571.414 W

For: 99.7%

Against: 0.0%

5/30/2025