For Celestia (milkTIA)
Last updated
Last updated
MilkyWay offers a for the blockchain since December 18th, 2023.
When users liquid stake their TIA with , they receive an on-chain representation of their TIA staking position called milkTIA. This allows $TIA 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 TIA , milkTIA automatically compounds staking rewards.
Refer to to understand more about how it works at its core.
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 .
TIA: the native token of blockchain.
milkTIA: receipt token that users receive when staking TIA with MilkyWay. It is a reward-bearing token that increases linearly against TIA over time.
Operators: a set of trusted entities entrusted with the operation of the MilkyWay protocol, guardians of the Multisigs.
Validators: established Celestia validators who receive delegations from MilkyWay and selection process will be governed by the MilkyWay DAO in the near future
Staker Multisig: account on Celestia managed by the operators that hold staker’s funds, grants permission to the Grantee to perform staking actions.
Grantee: account on Celestia with limited authorisation used by the Coordinator to perform staking actions.
Coordinator: an off-chain program that coordinates between Celestia and Osmosis with the Grantee account to perform transfer and staking actions.
At its core, MilkyWay uses contracts and a multisig custody system deployed on the blockchain. We also leverage the Cosmos SDK to provide our liquid staking in the most secure way possible.