WalletConnect Launches WCT and Decentralizes Core Infrastructure – Q&A on Token Utility, Governance, and Ecosystem Growth

WalletConnect has become the backbone of wallet-to-app interoperability, facilitating over 15 million monthly connections across more than 300 blockchain networks. In April 2025, the protocol launched its native token, $WCT, as Binance Launchpool Project #67. With a total supply of 1 billion and an initial 40 million distributed via yield farming, WCT is now traded across USDT, FDUSD, BNB, and other major pairs.

As WalletConnect shifts toward decentralizing its infrastructure and governance, this interview explores the protocol’s evolving roadmap, token utility, security model, governance priorities, and alignment with major players like Binance.

1. Protocol Decentralization & Governance Framework

As WalletConnect transitions away from foundation-led control, what are the key milestones for becoming a fully community-governed network? What on-chain signals or activity will trigger key governance phases (e.g., DAO proposals, node allocation, treasury control)?

We're taking a phased approach. Decentralization starts with Service Nodes, initially permissioned, eventually open to any staker. Governance will unlock progressively, starting with tokenholder proposals and votes. As more nodes come online, treasury control and protocol changes will follow. We're designing this transition carefully to balance resilience, performance, and community trust.