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.