MilkyWay
Liquid Staking Protocol for Celestia.
MilkyWay is a pioneering company offering liquid staking solutions within the Celestia ecosystem, initially deployed on the Osmosis platform. The company is also developing the MilkyWay rollup on Initia, leveraging Celestia's infrastructure. By staking TIA coins with MilkyWay, users receive an on-chain representation of their staking position, known as milkTIA. The native token, MILK, plays a crucial role in the protocol, providing holders with a share of the 10% protocol fee on staking rewards and governance rights over protocol changes.
MilkyWay operates in the decentralized finance (DeFi) market, serving cryptocurrency holders who seek liquidity for their staked assets. The business model revolves around protocol fees and governance token incentives. Revenue is generated through a 10% fee on staking rewards and potential validator commission fees.
The company is committed to a decentralized autonomous organization (DAO) governance model, ensuring community control over protocol decisions and future developments. This empowers Celestia token holders to trade or use their staked assets as collateral in various DeFi products, enhancing liquidity and utility.
Keywords: liquid staking, Celestia, Osmosis, Initia, milkTIA, MILK token, DeFi, DAO governance, staking rewards, cryptocurrency.