Stake For Governance is now live for W token holders!

This is your opportunity to participate in the governance and impact the future direction of the Wormhole DAO and platform.

Get started now at the @tallyxyz Governance Portal: tally.xyz/gov/wormhole To participate in the Stake For Governance process, you must transfer W tokens to an EVM chain.

This can be done in the Governance Portal.

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What is Wormhole?

Wormhole is the leading interoperability platform powering multichain applications and bridges at scale.

🧵👇 1/ In 2020, Wormhole introduced the first-ever general messaging protocol, with the original goal of connecting Ethereum and @solana. Wormhole became the only way to transfer assets between Ethereum and Solana and still remains the canonical interoperability protocol for Solana.

Introducing Native Token Transfers (NTT), an open framework for seamlessly taking your token multichain.

This is not another token standard. Read on ⤵️ 1/ Native Token Transfers (NTT) introduces an open, flexible, and composable framework for transferring native tokens across blockchains while preserving their intrinsic properties.

Introducing Wormhole ZK ⚡️

ZK is the true endgame for blockchain interoperability, bringing fully trustless transfers to crypto.

Let's get into the ZK vision and roadmap⤵️ Trust lies at the very heart of every interaction, organization, or system.

One of the great innovations of crypto has been the ability to reduce reliance on a small set of trusted actors to a wider audience of users, developers, and stakeholders.

Native Token Transfers are live on Wormhole 🌪️

Announcing native ETH and wstETH transfers across 7 EVM chains, powered by Wormhole and the Uniswap Protocol.

Read more ⤵️ 1/ Options for transferring native ETH and wstETH between L2s and other EVMs are slow and expensive, and often involve wrapped tokens and gas required on the destination chain.

Users on the top chains have been demanding easy, cheap, native transfers for ETH and wstETH.

It's time to make building in crypto more accessible than ever before.

Introducing the $50m Cross-Chain Ecosystem Fund, powered by Wormhole! 💎 The goal of the Cross-Chain Ecosystem Fund is to onboard the next generation of Web3 applications that create experiences users love - no matter the ecosystem.

This is an anti-maxi initiative that goes far beyond a single chain or community, and it’s all enabled by Wormhole.

Wormhole has been selected as a new @NEARProtocol official bridge and to partner on launching the first trustless NEAR <> ETH corridor powered by ZK proofs! Wormhole enables all major NEAR assets to be seamlessly bridged to the 20+ connected chains and brings hundreds of Wormhole-powered apps and communities into the NEAR ecosystem.

💡 Wormhole Connect: Integrate In-App Bridging in as Few as 3 Lines of Code

We are excited to introduce Wormhole Connect, an easy-to-integrate widget that allows developers to add cross-chain asset bridging directly into their dapp - in as few as 3 lines of code.

Details ⤵️ 2/ Why Wormhole Connect?

Currently, transferring assets across chains, is challenging for users & developers.

Users must navigate multiple wallets, gas tokens & leave dapps for bridging.

Devs risk losing users when sending them away to complete their bridging elsewhere.

1/ 📣 xChain Monthly — April

April '23 truly delivered! Here are the latest updates, news & developments.

Topics
@circle's USDC
Cross-chain deployment proposal
@y00tsNFT & @DeGodsNFT migration
Major announcement 5/1
@WombatExchange ecosystem
@danreecer_ joining Wormhole
& more! 2/ 🔜 Big announcement coming tomorrow

Stay tuned for a major announcement on May 1st about going cross-chain becoming a whole lot easier.

https://twitter.com/wormholecrypto/status/1651570942546440193?s=20

🧑‍🚀 Wormhole Takes DeGods & y00ts xChain

@dust_labs, the team behind the highly popular NFT collections @DeGodsNFT & @y00tsNFT, has announced that they will be moving their collections to Ethereum & Polygon and it’s all powered by Wormhole’s new Burn and Mint standard 👇 To make this move happen, Dust Labs has chosen Wormhole as their cross chain partner. Together we’ve built a new standard for cross chain NFT bridging on top of the Wormhole interoperability protocol.

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📣 Native USDC is Going xChain: Wormhole integrates Circle’s CCTP

We're incredibly excited to announce that Wormhole has partnered with Circle to provide a seamless cross-chain development experience.

Read everything about it in this 🧵 2/

Wormhole is launching a new set of contracts integrating Circle’s Cross-Chain Transfer Protocol (CCTP), enabling developers to compose generic messages on top of cross-chain, native USDC transfers. This integration is now live in testnet on wormhole.com/native-usdc-de….

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📣 Psyoptions | Powered by Wormhole

We are proud to announce that @PsyOptions, a leading digital asset trading platform, is integrating Wormhole to allow for seamless xChain trading & depositing to further enhance the platform's utility and accessibility.

Learn more 👇 2/

I. What is Psyoptions?

Psyoptions is an options protocol built on the Solana blockchain. By creating a decentralized, permission-less and community-owned financial services platform, PsyOptions aims to give DeFi a TradFi vibe.

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📣 Wormhole Chains — Optimism

@optimismFND is live on Wormhole! And we couldn't be more excited 🎉 Take a minute and learn how the L2 scaling solution for Ethereum achieves faster transaction finality - with lower fees (and much more): 2/

I. What is Optimism?
As the popularity of decentralized finance (DeFi) and decentralized applications (dApps) grows on the Ethereum network, the demand for faster and cheaper transactions also increases.

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📢 xChain Monthly — November

This November, we put our heads down and kept on building, more determined than ever. We’re seeing some great progress and innovation coming out of the space: 2a/

⛓️ New Chains

⚬ We teased a new chain - did you solve the puzzle?

https://twitter.com/wormholecrypto/status/1589641406754172930?s=20&t=C4lafgZSCvCPChgpnROEsg

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📢 Mayan Finance^ᵂᴼᴿᴹᴴᴼᴸᴱ

In this series, we look into what's possible when projects raise xChain functions to the power of Wormhole.

(^ᵂᴼᴿᴹᴴᴼᴸᴱ is pronounced as "Raise to the power of Wormhole")

Let's start with @MayanFinance! 2a/

What is Mayan Finance?

Mayan Finance, which won the Wormhole Award at the Convergence Hackathon back in February 2022, is a cross-chain swap infrastructure that makes Solana protocols accessible to EVM-based chains.

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What are Wormhole Guardians❓

You may have heard the term Guardians before but might not be familiar with the precise role they play.

The Guardians are a key part of the Wormhole community. Read on to learn more. 2/

Wormhole relies on 19 Guardians that, together, monitor state on several blockchains. The Guardians are comprised of some of the largest and most highly respected validators across several blockchain ecosystems.

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What are xAssets?

A xAsset is an asset that represents the value of an asset from a different platform.

Via smart contract, the original asset is 'wrapped' into a digital vault and a new asset gets minted 1:1 on the other platform.

Details? 👇 2a/

Why?

Wrapping assets enables non-native assets to be used on any chain.

Different blockchains offer different functionality, and usually, they can’t talk to each other.

Solana doesn’t know what’s happening on Fantom & vice versa.

1/ The world is now decidedly crosschain, which means theres 1038498949 bridges now launching.

Here's a breakdown of the differences: 2/ Before we start, think of blockchains as cities, and cross chain bridges as a human cloning device.

You incarcerate a degen on city A, and create his clone on city B.

The Incident Report is now available.

wormholecrypto.medium.com/wormhole-incid…

Here is the tl;dr 🧵

1/ On Feb 2, 2022, a signature verification vulnerability in the Wormhole network allowed an attacker to forge a message from the Wormhole guardians to mint 120k Wormhole-wrapped Ether. The attacker then bridged 93,750 of these tokens to Ethereum and withdrew the unwrapped ETH.

2/

‼️ The wormhole network is down for maintenance as we look into a potential exploit.

📢 We will provide updates here as soon as we have them.

🙏 Thank you for your patience.

https://twitter.com/wormholecrypto/status/1489001949881978883?s=20&t=hGKGnx-PZPFPCiW-hB3PRA

1/ Today we're incredibly excited to announce the launch of our Wormhole Token Bridge starting with @ethereum and @solana 🙌🏻 .

wormholebridge.com 2/ There couldn't be a better time for Wormhole V2 to launch its token bridge and add fuel to the fire, so let's talk about what's coming and how Wormhole will power interoperability cross chain.