Wormhole recently introduced staking for its native governance token, W, on multiple chains, including Solana. This marks a new step for cross-chain governance, giving users a more decentralized and flexible way to influence protocol decisions across ecosystems.
This guide will walk you through how to stake your W tokens on Solana using the official Wormhole dashboard. You’ll learn to delegate to Everstake in just a few steps and start participating in Wormhole governance while remaining eligible for staking rewards.
What is W, and the Wormhole Staking Rewards Program
W is the governance token of the Wormhole DAO. It allows token holders to help shape the future of the Wormhole protocol by participating in decentralized governance through a system called MultiGov — a multichain voting framework currently live on Solana, Ethereum, and various EVM-compatible networks.
By staking W and delegating your vote to Everstake, you can:
- Support secure and decentralized decision-making across chains.
- Retain full control over your tokens (they remain liquid).
- Become eligible for the Wormhole Staking Rewards Program, which offers W rewards to active participants.
This structure encourages meaningful governance participation while maintaining flexibility — your tokens are not locked and can be unstaked at any time.
How to Stake W on Solana via Wormhole
Follow this guide to stake for governance and delegate your voting power to Everstake.
Step 1: Go to the Wormhole Staking Dashboard
Visit W Dashboard and connect your Solana wallet.
The platform supports Phantom, Backpack, and other popular Solana-compatible wallets.
Step 2: Migrate Legacy Stake
If the dashboard prompts you to migrate an existing legacy stake, click Migrate and follow the on-screen instructions.
Step 3: Choose Everstake as Your Delegate
Once migration (if any) is complete, select Everstake from the list of delegates and click Continue.
Step 4: Confirm Staking Details
Review the staking details and click Stake for Governance.
Approve the transaction in your wallet when prompted.
Step 5: It’s Done!
You’ve successfully delegated your W tokens to Everstake.
Click Return to Dashboard to manage your stake or check delegation status.
Note: your tokens aren’t locked. It means that you can unstake them anytime. Click Return to dashboard, where you can:
- Track your W token balance
- View delegation status (amount and validator)
- Unstake or re-delegate your tokens at any time
- Monitor rewards and governance participation
Last Words
Staking your W tokens on Solana is a simple way to support Wormhole’s multichain governance and become part of its growing DAO community. With no lockups and real influence over protocol decisions, delegating to a validator like Everstake lets you stay involved without giving up control of your assets.
If you’re holding W, don’t just let it sit. Put it to work and take your place in the future of cross-chain governance.
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Everstake is a software platform that provides infrastructure tools and resources for users but does not offer investment advice or investment opportunities, manage funds, facilitate collective investment schemes, provide financial services, or take custody of, or otherwise hold or manage, customer assets. Everstake does not conduct any independent diligence on or substantive review of any blockchain asset, digital currency, cryptocurrency, or associated funds. Everstake’s provision of technology services allowing a user to stake digital assets is not an endorsement or a recommendation of any digital assets by it. Users are fully and solely responsible for evaluating whether to stake digital assets.
