MilkyWay Docs
  • INTRODUCTION
    • Welcome to MilkyWay
    • Mission and Vision
    • MILK
      • Staking
        • Quick Start
      • Governance
        • Quick Start
      • Network Parameters
        • Chain Registry
      • Tokenomics
  • User Guides
    • For Liquid Stakers
      • Celestia (milkTIA)
        • Quick Start
        • Using third party apps
          • Camelot
          • Demex
          • Dymension
          • Levana
          • Margined
          • Mars
          • Osmosis
          • UX
      • Initia (milkINIT)
        • Quick Start
        • Using third party apps
      • Babylon (milkBABY)
        • Quick Start
        • Using third party apps
    • For Restakers
      • Quick Start
      • Creating a wallet
      • Restaking your assets
    • Bridging
      • Hyperlane
      • IBC Eureka
  • Infrastructure Operators
    • For Validators
      • Quick Start
      • Consesus node
      • Validator node
  • For Operators
    • Quick Start
    • Operator Management
    • Opt-in and Opt-out Services
  • For Developers
    • Quick Start
    • Service Management
    • Inviting Operators to Join Your Service
    • Creating Rewards Distribution Plan
  • Architecture
    • Modular Liquid Staking
      • Overview
      • Liquid Staking 101
      • Celestia (milkTIA)
        • Technical Architecture
          • Liquid Staking Process
          • Withdrawal Process
          • Exchange Rate
          • Compound Staking Rewards
          • Claim Process
          • Limits and Restrictions
        • Integrating with milkTIA
          • Contract Specifications
          • APIs specification
      • Initia (milkINIT)
        • Technical Architecture
          • Liquid Staking Process
          • Withdrawal Process
          • Exchange Rate
          • Compound Staking Rewards
          • Claim Process
          • Limits and Restrictions
        • Integrating with milkINIT
          • Liquid staking module specifications
          • Chains specifications
      • Bablyon (milkBABY)
        • Technical Architecture
          • Liquid Staking Process
          • Withdrawal Process
          • Exchange Rate
          • Compound Staking Rewards
          • Claim Process
          • Limits and Restrictions
        • Integrating with milkBABY
          • Liquid staking module specifications
          • Chains specifications
    • Modular Restaking
      • Overview
        • Technical Architecture
        • Design Philosophy
        • Programmable Rules
        • Economic Model
        • Use Cases
      • Restaking 101
      • Modules
        • x/assets
        • x/ibc-hooks
        • x/liquidvesting
        • x/operators
        • x/pools
        • x/restaking
        • x/rewards
        • x/services
        • x/tokenfactory
  • SECURITY
    • Audits
    • Bug Bounty Program
  • APPENDIX
    • Official Links
    • Frequently Asked Questions
    • Glossary
    • Branding Resources
    • Whitepaper (PDF)
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  • Key Terms
  • How does it work?
  1. Architecture
  2. Modular Liquid Staking

Bablyon (milkBABY)

MilkyWay offers a liquid staking solution for the Babylon blockchain.

When users liquid stake their BABY with MilkyWay, they receive an on-chain representation of their BABY staking position called milkBABY. This allows $BABY holders to stake without waiting for a lock-up period, allowing them to participate across various DeFi protocols to maximize their yield.

Just by holding our liquid staked BABY, milkBABY automatically compounds staking rewards.

Key Terms

To gain a deeper understanding of the MilkyWay liquid staking protocol, it’s important to familiarize yourself with the following key terms. For a broader overview of our services, feel free to refer to the Glossary page.

  • BABY: the native token of Babylon blockchain.

  • milkBABY: receipt token that users receive when staking BABY with MilkyWay. It is a reward-bearing token that increases linearly against BABY over time.

  • Operators: a set of trusted entities entrusted with the operation of the MilkyWay protocol, guardians of the Multisigs.

  • Validators: established Babylon validators who receive delegations from MilkyWay

  • Staker Multisig: account on Babylon managed by the operators that hold staker’s funds, grants permission to the Grantee to perform staking actions.

  • Grantee: account on Babylon with limited authorisation used by the Coordinator to perform staking actions.

  • Coordinator: an off-chain program that coordinates between MilkyWay and Babylon with the Grantee account to perform transfer and staking actions.

How does it work?

At its core, MilkyWay uses CosmWasm contracts and a multisig custody system deployed on the Babylon blockchain. We also leverage the Cosmos SDK authz module to provide our liquid staking in the most secure way possible.

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Last updated 2 months ago