Thread by @WalletConnect

1/ Voting opens for the WCT Transferability Proposal on March 19th | 10:00 AM CET 🗳️

To participate, make sure you stake before Wednesday!

Here’s everything you need to know about the proposal and why your vote matters ⬇️

2/ What is this proposal about?

This proposal sets what the Network must achieve before enabling WCT transferability

Right now, WCT cannot be freely transferred

This proposal lays out the key milestones the WalletConnect Network must reach before unlocking full transferability

3/ Why does transferability matter?

Expanded Functionality – Enables token holders to transfer freely

Decentralization – Expands participation in the ecosystem

Network Growth – Increases staking & engagement

Trust & Stability – Indicates the ecosystem is ready to level up

4/ The 5 Key Milestones for Transferability

For WCT to become transferable, the network must achieve the following:

🔹 16 certified wallets – Strengthening ecosystem security

🔹 100M WCT staked – Committing to network longevity

🔹 16 node operators onboarded – Progress with decentralization

🔹 12 weeks of staking – Proving network stability

🔜 Open-sourcing key components – Increasing transparency

5/ This isn’t just a switch we flip

Even after meeting all milestones, transferability won’t be automatically activated

A final governance decision will be made to confirm the ecosystem is fully prepared before unlocking transferability for WCT

6/ Who can vote?

🔹 Voting power is based on amount staked + staking period

🔹 Any amount staked above 0 WCT qualifies, minimum staking duration is one week

The longer you stake and the more WCT you lock, the higher your stake weight and voting power

Very small amounts may display as ≈0 in Snapshot but will still count for voting

Start staking ⤵️

staking.walletconnect.network

7/ How to vote

The proposal will go live on Wednesday @ 10:00 CET, when this happens:

🗳️ Visit Snapshot:

🔗 Connect your wallet (must hold staked WCT tokens)

✅ Review the proposal and cast your vote

Your vote shapes the future of WCT—this is a crucial moment for the WalletConnect Ecosystemvote.walletconnect.network

8/ Get ready to vote!

Voting Starts: Wednesday March 19, 2025 @ 10:00 CET

Voting Ends: Wednesday March 26, 2025 @ 10:00 CET

This is your chance to influence the timeline and conditions for WCT transferability