On Feb 10th, Wormhole announced SRP (Staking Rewards Program) rewards for Period 1.
Around 58,000 addresses are whitelisted for this reward program. This is the first rewards distribution of this program, and the next SRP Period 2 started right after this announcement.
W token stakers are eligible for these rewards, and it is possible to check eligibility and claim through the W Dashboard.
Wormhole is almost the first pioneer in interchain bridging protocols, which were very immature in the early stages. I still remember the simple and limited features of the early Wormhole protocol. Whenever the bridging process was halted, I had to check if it processed well or not through an individual checking window.
Wormhole experienced a very scary hacking exploit that caused huge fund losses. However, this protocol and its backers overcame the bad times by filling up the deficit with their own money.
Throughout all this time, Wormhole has survived here, offering highly reliable bridging services for many protocols from different chains and even for institutions. The protocol has continuously improved its security measures and user experience, making it a trusted name in the crypto space.
Wormhole is one of the most experienced and reliable gates for both institution-grade and private customers.