Liquid Staking Protocol

How does staking with MilkyWay work?

MilkyWay is deployed on the Osmosis chain.

You can liquid stake your TIA on Osmosis and or Celestia for milkTIA. The TIA you staked will be delegated uniformly across MilkyWay's validator set. Staking rewards are automatically compounded.

For a detailed explanation of how MilkyWay's staking flow works, please refer to the documentation.

Why is MilkyWay on Osmosis?

Osmosis DEX offers the largest on-chain TIA liquidity and supports CosmWam contracts, making it the ideal platform to initiate milkTIA issuance.

MilkyWay plans to transition to its own rollup chain within the Initia ecosystem with Celestia’s data availability (DA) underneath.

What is milkINIT?

milkINIT is the second liquid staking token (LST) we offer, following milkTIA. When you stake INIT, the native token of the Initia ecosystem, with MilkyWay, you receive milkINIT.

What are the benefits of using milkINIT?

milkINIT offers multiple benefits:

• Auto-compounding Rewards: Your staking rewards automatically compound, increasing your potential returns.

• Liquidity and Flexibility: milkINIT allows you to trade or use your staked assets in DeFi, providing liquidity without giving up your staking rewards.

• Maximized Yields: Use milkINIT in DeFi to optimize your earnings, and later in MilkyWay’s restaking for even more opportunities.

• Easy Unstaking: When you’re ready, you can easily unstake milkINIT to receive your original tokens along with any accrued rewards.

Where can I see my rewards?

MilkyWay not only assists users in claiming staking rewards but also automatically compounds these rewards to maximize APR. This process alters the exchange rate between the staked token and its milkAsset to incorporate the rewards.

As a result, there are no separate outstanding rewards; they are already reflected in your milkAsset balance. You receive these rewards when you withdraw your milkAsset. For more information on how the reward claiming process operates, please refer to our documentation.

How is the exchange rate calculated?

The Exchange rate is calculated by dividing the Staked TIA + accrued staking rewards by the total milkTIA minted

For a detailed explanation of how milkTIA:TIA’s exchange rate works, please refer to the documentation.

...