Tired of locking your TIA tokens for staking? MilkyWay offers an alternative to the traditional staking of TIA tokens by introducing liquid staking to Celestia. Now, you can earn staking rewards without tying up your assets.
What is liquid staking?
Liquid staking allows user to receive Liquid Staking Tokens (LSTs) when staking their original assets. These LSTs can be used for various purposes in DeFi applications across the ecosystem.
What is MilkyWay?
MilkyWay is a secure liquid staking solution built for Celestia.
milkTIA tokens connect Celestia’s staking with DeFi opportunities on Osmosis and other DeFi hubs like Uniswap, SushiSwap, and Aave.
By holding milkTIA, you can earn Celestia staking rewards, which are automatically distributed to your milkTIA holdings. This allows you to earn rewards while also benefiting from milkTIA’s liquidity.
Why choose MilkyWay over regular staking?
Staking is a popular way to earn rewards on your crypto assets. Nonetheless, limitations such as locked tokens and limited flexibility have led to the emergence of innovative alternatives like MilkyWay.
Let’s explore how MilkyWay stands out in comparison to traditional staking methods:
|
Feature |
Regular Staking |
MilkyWay (Liquid Staking) |
|
Flexibility |
Locked tokens |
milkTIA can be used in the same way as the original tokens |
|
The Potential |
Staking rewards only |
Staking rewards + DeFi opportunities |
|
Accessibility |
Minimum staking requirements |
Stake any amount of TIA |
|
Liquidity |
No access to staked tokens |
Immediate access to milkTIA |
How to get started with MilkyWay?
Leap and MilkyWay offer milkTIA for TIA staking, providing more options for earning. So Celestia stakers can now access additional liquidity and DeFi opportunities that were not previously available. Let’s further review how to liquid stake your TIA on the MilkyWay dApp:
Connect your Leap Wallet: A simple and user-friendly interface for staking TIA through MilkyWay.
Deposit TIA: Choose the amount you want to stake and receive an equivalent milkTIA in return.
Start Getting Rewards: Watch your milkTIA balance grow as you earn both staking rewards and potential DeFi yields.
MilkyWay’s Mainnet launch and next steps
MilkyWay successfully launched its mainnet on December 19, 2023, which marked an important moment for Celestia.
On the first day of its launch, the MilkyWay platform received staked funds worth over $1.5 million. Currently (as of January 4, 2024), the TVL (Total Value Locked) on the platform is $ 13,418,672.69, suggesting a substantial rise in its popularity.
The team is currently working on developing new features and partnerships to further enhance the ecosystem. Additionally, there are plans for greater integration with Osmosis and Celestia, innovative DeFi opportunities, and continuous optimization for a better user experience.
How does MilkyWay connect with Celestia and Osmosis?
MilkyWay connects Celestia and Osmosis. Celestia secures the network, while Osmosis is a DeFi hub. Let’s see how users benefit from this connection:
Reap double the benefits: By staking your TIA tokens on Celestia and taking advantage of DeFi opportunities on Osmosis, you can earn dual rewards and maximize your potential gains.
Liquidity: Users can use milkTIA as they see fit in various DeFi applications.
Support the ecosystem: Your active involvement in MilkyWay contributes to the growth and success of both Celestia and Osmosis, enhancing the overall ecosystem.
With new features and partnerships in development, MilkyWay is leading the way to limitless Celestia staking.
Everstake as operator and validator
Everstake actively operates and validates in the MilkyWay ecosystem to ensure secure protocol operation and maximize TIA holder returns.
As MilkyWay operators, we manage multi-signature accounts to secure the protocol. Also, we monitor and optimize staking to delegate TIA tokens across validators for optimal rewards and collaborate with other operators to maintain stable operation and address any issues.
As MilkyWay validators, we run validator nodes on the Celestia network, ensuring high uptime and block validation accuracy. We also share our deep understanding of blockchain technology to support MilkyWay protocol development.
Our commitment to the growth of the Celestia ecosystem drives us to contribute to the success of MilkyWay.
If you require any assistance or have any queries, contact our Celestia Blockchain Manager via X.
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