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 lets you stake crypto and receive a liquid token instantly, earning rewards without locking up assets.
Imagine staking your TIA and instantly receiving milkTIA, a liquid token representing your staked assets. You can freely trade, swap, or use milkTIA while your original TIA continues to generate staking rewards.
What is MilkyWay?
MilkyWay is a secure liquid staking solution built for Celestia.
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milkTIA tokens connect Celestia’s staking with DeFi opportunities on Osmosis and other DeFi hubs like Uniswap, SushiSwap, and Aave.
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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.
MilkyWay’s staking process is efficient and secure, which is vital for any liquid staking project.
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 |
Trade, swap, or use milkTIA freely |
|
Earning 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:
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Connect your Leap Wallet: A simple and user-friendly interface for staking TIA through MilkyWay.
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Deposit TIA: Choose the amount you want to stake and receive an equivalent milkTIA in return.
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Start Earning: 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:
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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.
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Access liquidity: With the ability to freely trade, swap, or use milkTIA, you can bypass the restrictions of traditional staking and access liquidity.
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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.
The Takeaway
MilkyWay offers Celestia staking with dual rewards and DeFi opportunities while maintaining liquidity. It constantly innovates for a better user experience, contributing to the thriving Celestia and Osmosis ecosystems. It’s a valuable tool for exploring digital assets and a borderless financial future.
MilkyWay offers an opportunity for individuals to stake their TIA and join a community that explores the DeFi frontiers. By participating, you can watch your assets grow. MilkyWay aims to expand the boundaries of Celestia staking and welcomes all to join in on their mission.
If you require any assistance or have any queries, contact our Celestia Blockchain Manager via X.
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