MilkyWay offers a liquid staking solution for the Celestia (opens in a new tab) ecosystem, it will initially be deployed and operated on Osmosis (opens in a new tab). The long term plan is to migrate to Celestia's rollkit for native milkTIA issuance.
When users liquid stake their TIA coins with MilkyWay (opens in a new tab),they receive an on-chain representation of their TIA staking position, known as milkTIA. This empowers Celestia token holders to access liquidity for their staked assets, enabling trading or their use as collateral in various DeFi products.
Liquid staked TIA automatically compounds staking rewards, and users can withdraw their TIA to receive their native tokens and accrued staking rewards.
Read our Introducing MilkyWay (opens in a new tab) blog to learn more about why we built MilkyWay.