KEY TAKEAWAYS
- MultiGov®, a multichain governance system, has been launched on major blockchain networks like Solana and Ethereum, enabling cross-chain governance proposals.
- Developed by Wormhole, Tally, and Scopelift, MultiGov aims to reduce fragmentation and enhance community engagement across multiple chains.
- Wormhole will be the first to implement MultiGov, allowing seamless governance participation for its token holders across supported networks.
- MultiGov’s architecture uses a central hub and spoke model to facilitate decentralized and flexible governance while maintaining security.
MultiGov®, a pioneering multichain governance system, has been launched on several major blockchain networks, including Solana, Ethereum mainnet, Base, Arbitrum, Optimism, and any supported EVM Layer 2. Developed by Wormhole, Tally, and Scopelift, MultiGov enables token holders to create, vote on, and execute governance proposals across multiple chains. This innovation aims to eliminate fragmentation and enhance engagement by reaching community members on their preferred platforms.
The introduction of MultiGov is seen as a crucial step for scaling decentralized governance, particularly for protocols that operate beyond single-chain limitations. This system is designed to support governance models with token emissions on multiple networks, providing a more inclusive and efficient governance process.
Wormhole’s Multichain Governance Implementation
Wormhole will be the first to implement MultiGov, allowing its token holders, known as W holders, to delegate and participate in governance proposals seamlessly across Solana, Ethereum, and supported EVM Layer 2s. This implementation marks the industry’s first true multichain governance system, reducing participation costs and enabling the Wormhole community to execute unified proposals more effectively.
Traditionally, onchain governance has been limited to single-chain operations, which often results in fragmentation and high transaction costs. MultiGov addresses these challenges by facilitating governance across multiple chains, making it more accessible and decentralized.
How MultiGov Operates
MultiGov employs a central chain, or “hub,” using a standard ERC20Votes token with Native Token Transfers (NTT) and an OpenZeppelin Governor with the Flexible Voting extension. This hub can be any supported EVM chain. Each “spoke” EVM chain has its own native ERC20Votes governance token and a spoke Governor contract to manage voting power locally. On Solana, either a standard SPL or Token-2022 token can be used.
Proposals originate on the hub and are broadcast to all spoke chains. Token holders on the spoke chains cast their votes through the spoke Governor, which aggregates these votes and sends them back to the hub chain via cross-chain messaging. Once voting concludes, the hub tallies all votes and executes passed proposals across all chains.
The MultiGov architecture ensures that governance remains active, accessible, decentralized, and flexible, while maintaining security through Wormhole’s high-fidelity multichain communication infrastructure. More details about MultiGov can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
The launch of MultiGov, a multichain governance system, across major blockchains such as Solana and Ethereum, represents a significant advancement in decentralized governance. This system aims to streamline governance processes by enabling cross-chain proposals and voting.
Recent industry reports indicate a shift towards increasing decentralization and community participation in governance across blockchain networks. The introduction of MultiGov aligns with this trend by facilitating a more inclusive and efficient governance process across multiple chains.
A report highlights how Cosmos (ATOM) has been a leader in multichain governance through its IBC protocol, showcasing the real-world adoption of interconnected ecosystems. This supports the significance of MultiGov’s launch in enhancing cross-chain governance capabilities and reducing fragmentation.
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