The Wormhole team announced its W strategic reserve increase of 1 million W.

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On November 6, the Wormhole team announced that its W Strategic Reserve (Wormhole Reserve) has increased its holdings by 1 million W, valued at $59,000. Previously, on September 30, Wormhole announced the upcoming launch of the Wormhole Reserve as a strategic reserve for W, which will accumulate on-chain and off-chain protocol value to support the long-term development of the ecosystem. Wormhole 2.0 will introduce a 4% base staking yield and governance incentives. Users can enhance their staking rewards by actively participating in ecological applications and using Portal Earn, among other methods. This mechanism does not introduce new inflation, maintaining a total supply of 10 billion coins. Wormhole will implement a new bi-weekly unlocking mechanism starting October 3, 2025, replacing the traditional annual unlock cliff period.

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