Overview

• The new Wormhole Reserve will accumulate onchain and offchain revenues in W as a long-term treasury intended to support ecosystem growth.
• Stakers who participate in governance will earn a 4% base yield funded from existing token supply and protocol revenues, keeping the 10 billion cap intact with no new inflation.
• Rewards are emissions-based and do not grant revenue rights, with an upcoming Portal Earn feature planned to let active application users boost returns.
• Annual token unlock cliffs are being replaced by predictable bi-weekly releases beginning October 3, 2025, with key allocations restructured over roughly 4.5 years to reduce sell-off risk.
• Lockups for core contributors and Guardian validators are extended by six months to October 2028, reinforcing longer-term alignment with the protocol.