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Governance
WIP-3: Establishment of a Grants Program
Passed
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.
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.
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.
The program will cover two categories of proposals:
Proposals should follow the proposal templates available below.
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.
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.
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:
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”
Explain the importance of this project:
Describe how the proposal supports Wormhole’s broader mission and governance principles:
Outline the specific actions and their intended impact:
Explain how success will be measured:
Detail how you will execute the proposal:
Provide dates or ranges for all stages:
Break down required funding:
Mention the source of funds (community treasury, foundation grants, etc.).
If the proposal is a resubmission, include:
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.
Use Case:
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.”
Explain the importance of this community effort:
Describe how the proposal supports Wormhole’s broader mission and governance principles:
Define specialized community or marketing terms, if any:
Outline the specific actions and their intended impact:
Explain how success will be measured:
Detail how you will execute the proposal:
Provide dates or ranges for all stages:
Break down required funding:
Mention the source of funds (community treasury, foundation grants, etc.).
If the proposal is a resubmission, include:
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.
Total Votes
386,910,328.063 W
For: 99.9%
Against: 0.1%
6/21/2025
WIP-2: Ratification of Wormhole Governance Proposal Process
Passed
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.
1. Idea Development
2. Draft Proposal Submission
3. Community Comment Period
4. Temperature Check Phase
5. Final Proposal Submission
6. Voting Phase
7. Implementation and Monitoring
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
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.
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.
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:
This forum is strictly for discussions related to governance topics. Please avoid posting content unrelated to governance matters.
A respectful environment is the foundation of a healthy community. Treat all members with kindness and courtesy, regardless of differing opinions or perspectives.
The forum thrives on meaningful, productive discussions that contribute to collective learning and progress.
Opinions are valuable, but they carry more weight when backed by evidence and reliable sources. This ensures discussions are informed and credible.
All forum activity must comply with applicable laws and respect the rights of others.
To safeguard the community and yourself, do not share personal or sensitive information.
Encourage diverse participation from internal and external points of view.
Adhering to the forum guidelines is mandatory for all participants. These rules exist to ensure a fair, respectful, and valuable space for everyone.
The forum moderators are here to ensure the guidelines are upheld and the environment remains welcoming and productive.
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