MilkyWay
You can liquid stake your TIA for milkTIA by following the external link to the MilkyWay app
MilkyWay
EVERSTAKE validator address
Delegating step-by-step
Here’s a detailed step-by-step overview of staking TIA via MilkyWay:
1. When a user stakes TIA on MilkyWay, TIA is transferred from Celestia to Osmosis using IBC and deposited into a CosmWasm Staking Contract.
2. The contract calculates the corresponding amount of milkTIA based on TIA's exchange rate.
3. The contract mints the milkTIA and provides it to the user as a tokenized representation of the staked TIA.
4. The milkTIA is then sent to the user’s Osmosis account.
MilkyWay Overview
MilkyWay positions itself as the first modular staking portal, offering both liquid staking and restaking solutions.
Launched in December 2023, MilkyWay debuted as an advanced liquid staking solution for the Celestia ecosystem, enabling TIA holders to maximize returns from their assets by unlocking staked positions for participation in various DeFi protocols. The receipt token, milkTIA, is now widely listed across many DeFi platforms, gaining strong community support.
MilkyWay is now moving to Phase 2: a multi-asset restaking protocol for the modular ecosystem. This phase aims to address security issues in blockchain networks, supporting modular ecosystem growth and providing higher yields for users.
faq
How does the liquid staking via MilkyWay work?
+Staking your TIA via MilkyWay secures the Celestia network and grants you milkTIA, an on-chain token representing your staked TIA. You can use milkTIA for a range of DeFi activities, maximizing your returns.
Who are the MilkyWay validators?
+MilkyWay collaborates with reputable validators from Celestia's validator set. For the full list of current validators, please check the documentation. Being a genesis Celestia validator, Everstake also operates as the MilkyWay multisig operator and a validator.
How are staked tokens distributed among validators?
+When you stake TIA with MilkyWay, your staked TIA is evenly distributed among all validators, with none charging a commission exceeding 10%.
Are rewards auto-compounded?
+Yes, staking rewards are automatically compounded.
How is the milkTIA:TIA exchange rate calculated?
+The exchange rate is determined by dividing the staked TIA plus accrued staking rewards by the total milkTIA issued. For a comprehensive explanation of how the milkTIA:TIA exchange rate operates, please consult the documentation.
Does MilkyWay have a token?
+Currently, MilkyWay has not minted its own token yet. Always check MilkyWay's official channels for accurate information.
