Celestia (milkTIA)

MilkyWay offers a liquid staking solution for the Celestia blockchain since December 18th, 2023.

When users liquid stake their TIA with MilkyWay, 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 the next page to understand more about how it works at its core.

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.

• TIA: the native token of Celestia 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.

How does it work?

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