milkINIT

Aside from milkTIA, we have recently launched our liquid staking solution for the Initia ecosystem.

When users liquid stake their INIT with MilkyWay, they receive an on-chain representation of their INIT staking position called milkINIT. This empowers Initia token holders to access liquidity for their staked assets, enabling trading or their use as collateral in various DeFi products.

Liquid staked INIT automatically compounds staking rewards, and users can unstake their milkINIT to receive their native tokens and accrued staking rewards.

Acknowledgements

As part of our architecture, we have integrated and built upon the source code from Stride, whose work has been instrumental in providing our core functionalities of liquid staking service for milkINIT. We deeply appreciate their efforts and contribution to the open-source community, which has allowed us to innovate further and deliver value to our users. We remain committed to adhering to their licensing, Apache 2.0 and attribution requirements.