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Milkyway

Category: Restaking

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Overview

Total XP Rewards

100

Estimated Rewards

$10M

Funding

$5M

Current Stage

Season 1

Total value locked

$15.82M

Unique Users

-

Chains

chain image

Phase

Mainnet

Structure

Points based

Gas

Yes

Grade

B

Tasks

0/5

TGE

-

Type

Restaking

Confirmed

Yes

Date

9 months ago

Introduction

  • MilkyWay is the first modular staking portal that serves both liquid staking and restaking solutions to unlock the potential of modularity. 

Tasks

task-link

Visit https://app.milkyway.zone/

  • Connect your Keplr wallet.
  • Stake $TIA to receive milkTIA.
task-link

 

Create your referral link to earn more mpoints.

 

task-link

Visit https://app.milkyway.zone/discover

  • Explore different dapps.
task-link

Visit https://portal.dymension.xyz/amm/pool/7

  • Stake milkTIA to earn mpoints and yield.
task-link

Visit https://app.camelot.exchange/pools/0x39Ff74488c4cfA3Ef042Cc85de076B1e57e6Bb2B

  • Stake milkTIA to earn mpoints and yield.

Fundamentals

  • Modular Staking Solutions: MilkyWay provides both liquid staking and restaking solutions to enhance modularity in the blockchain ecosystem.
  • Liquid Staking: Allows TIA holders to unlock staked positions and participate in DeFi protocols using milkTIA tokens.
  • Restaking Protocol: Aims to solve fragmented trust and security issues, integrating various assets and generating higher yields.
  • LST and LRT: Future integration of Liquid Staking Tokens and Liquid Restaking Tokens for yield tokenization.
  • Architecture: Provides liquid staking for Celestia and plans to integrate restaking in the Initia ecosystem.
  • Phase Approach: Started with Celestia in December 2023, focusing on liquid staking, and moving to a multi-asset restaking protocol in Phase 2.

Potential Rewards

  • MilkyWay is a modular staking portal for both liquid staking and restaking solutions, enhancing the Celestia ecosystem.
  • mPoints Earning: mPoints is designed to be an effortless process for anyone involved in holding milkTIA, participating in liquidity pools, or partaking in lending and borrowing activities.
  • mPoints Calculation: Holding milkTIA earns 1 mPoint daily per milkTIA, and using milkTIA in DeFi protocols earns 1.25 mPoints daily.
  • Tracking: mPoints are tracked off-chain via a leaderboard updated daily on the MilkyWay website.
  • Airdrop (MassDrop): At least 10% of the MILK token supply will be allocated to mPoint holders during the token launch in H2 2024.
  • Enhancements: Future plans include social media campaigns, rewards for early adopters, and special campaigns to boost mPoint earnings.
  • MilkyWay airdrop focuses on rewarding users who actively engage with the platform, similar to how Jito's $225 million airdrop and EtherFi's targeted airdrop aim to reward early adopters and active contributors.

 

Investors

  • Polychain Capital
  • Binance Labs
  • Hack VC

Audit

  • Oak Security

 

Features

milkTIA offers a wide range of use cases within the Cosmos and Ethereum ecosystem.

  • DEX Liquidity: milkTIA pools on Osmosis are available to earn additional yield.
  • Lending: Collateral in lending protocols such as Mars Protocol and UX.
  • Staking derivatives: Create staking derivatives such as staker’s baskets and leveraged staking positions.
  • Perpetual trading: Trade perps on platforms such as Levana and Margined Protocol.

Non-Financial Advice

  • Research:  Explore project's documentation, audits, and community.
  • Understand risks:  DeFi has vulnerabilities, market volatility, and token fluctuation.
  • Invest wisely:  Only invest what you can afford to lose.
  • Beware of scams:  Don't trust unsolicited outreach or guaranteed returns.

*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.

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