Wormhole announces the upgrade to Token 2.0, and the income contribution will be used for W reserves.

On September 17, Wormhole announced the upgrade to Token 2.0. The announcement stated that Wormhole will bring the on-chain and off-chain protocol revenue and value generated by Wormhole, Wormhole Portal, and ecosystem applications into W, contributing the earnings to the Wormhole reserve. Furthermore, Wormhole 2.0 redefined rewards. W holders who continuously contribute to governance will soon start receiving more stable returns. Although the rewards from Staking are variable, holders can obtain higher rewards by becoming active users of ecosystem applications. The earnings will come from a combination of the existing token supply and protocol revenue. W will not introduce inflation. The total supply cap remains at 10 billion coins. In terms of unlocking, starting from October 3, 2025, the unlocking frequency of W will change from a significant fluctuation once a year to once every two weeks, making it smoother and more predictable. The result is enhanced market resilience, improved coordination between contributors and investors, and a healthier overall environment. Extended lock-up schedule: Wormhole contributors ensure that investors and Guardian validators comply with the protocol for an additional 6 months until October 2028. Although the core contributor tokens will unlock every two weeks, all protocols with these entities will still follow the original annual unlocking schedule.