MilkyWay Docs
  • INTRODUCTION
    • Welcome to MilkyWay
    • Mission and Vision
    • MILK
      • Staking
        • Quick Start
      • Governance
        • Quick Start
      • Network Parameters
        • Chain Registry
      • Tokenomics
  • User Guides
    • For Liquid Stakers
      • Celestia (milkTIA)
        • Quick Start
        • Using third party apps
          • Camelot
          • Demex
          • Dymension
          • Levana
          • Margined
          • Mars
          • Osmosis
          • UX
      • Initia (milkINIT)
        • Quick Start
        • Using third party apps
      • Babylon (milkBABY)
        • Quick Start
        • Using third party apps
    • For Restakers
      • Quick Start
      • Creating a wallet
      • Restaking your assets
    • Bridging
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  • Infrastructure Operators
    • For Validators
      • Quick Start
      • Consesus node
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  • For Operators
    • Quick Start
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    • Opt-in and Opt-out Services
  • For Developers
    • Quick Start
    • Service Management
    • Inviting Operators to Join Your Service
    • Creating Rewards Distribution Plan
  • Architecture
    • Modular Liquid Staking
      • Overview
      • Liquid Staking 101
      • Celestia (milkTIA)
        • Technical Architecture
          • Liquid Staking Process
          • Withdrawal Process
          • Exchange Rate
          • Compound Staking Rewards
          • Claim Process
          • Limits and Restrictions
        • Integrating with milkTIA
          • Contract Specifications
          • APIs specification
      • Initia (milkINIT)
        • Technical Architecture
          • Liquid Staking Process
          • Withdrawal Process
          • Exchange Rate
          • Compound Staking Rewards
          • Claim Process
          • Limits and Restrictions
        • Integrating with milkINIT
          • Liquid staking module specifications
          • Chains specifications
      • Bablyon (milkBABY)
        • Technical Architecture
          • Liquid Staking Process
          • Withdrawal Process
          • Exchange Rate
          • Compound Staking Rewards
          • Claim Process
          • Limits and Restrictions
        • Integrating with milkBABY
          • Liquid staking module specifications
          • Chains specifications
    • Modular Restaking
      • Overview
        • Technical Architecture
        • Design Philosophy
        • Programmable Rules
        • Economic Model
        • Use Cases
      • Restaking 101
      • Modules
        • x/assets
        • x/ibc-hooks
        • x/liquidvesting
        • x/operators
        • x/pools
        • x/restaking
        • x/rewards
        • x/services
        • x/tokenfactory
  • SECURITY
    • Audits
    • Bug Bounty Program
  • APPENDIX
    • Official Links
    • Frequently Asked Questions
    • Glossary
    • Branding Resources
    • Whitepaper (PDF)
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On this page
  • Purpose of milkINIT
  • How milkINIT Works
  • Incentive Design
  • Why Mint and Hold milkINIT
  • Validator Slashing
  1. User Guides
  2. For Liquid Stakers

Initia (milkINIT)

An overview of milkINIT, MilkyWay’s liquid staking token for Initia. For step-by-step instructions for minting milkTIA, jump to Quick Start.

Purpose of milkINIT

MilkyWay converts INIT into milkINIT, delivering three core benefits:

  • Liquidity: Holders keep Initia staking yield while the token remains transferable across ecosystems.

  • Capital efficiency: milkINIT can be supplied to DEX pools, lending markets, and other DeFi protocols without forfeiting staking rewards.

  • Boosted Yield: milkINIT holders benefit from VIP rewards, automatically accruing esINIT rewards through Initia's incentive design.

How milkINIT Works

  • Deposit: User IBC transfers INIT from Initia L1 to the MilkyWay Rollup and calls Deposit. The protocol mints milkINIT at the current exchange rate.

  • Delegation: MilkyWay protocol delegates pooled INIT to a diversified set of Initia validators.

  • Reward accrual: Block rewards accumulate and are manually claimable.

  • Redemption: Burn milkTIA to start unbonding. After unbonding period, the original INIT is released back to the user.

Incentive Design

  • Staking yield: milkINIT captures native INIT rewards after validator commission.

  • Protocol fee: MilkyWay retains a small percentage of rewards (set by governance) to fund audits, infrastructure, and further development.

  • Liquidity incentives: Selected pools may receive MILK or partner-token incentives to bootstrap depth during launch phases.

Why Mint and Hold milkINIT

  • Protect against inflation: Earn INIT staking rewards without lock-up.

  • Deploy in DeFi: Use milkINIT as collateral, LP, or yield strategy collateral while rewards continue to accrue.

  • Redeem: Redeem for INIT at any time; only the Initia unbonding time applies.

  • Airdrop eligibility: Many projects snapshot liquid-staking balances alongside native stake.

  • VIP rewards: MilkINIT holders are eligible for MilkyWay VIP rewards, receiving esINIT emmission.

Validator Slashing

  • MilkyWay's diversified validator set, on-chain monitoring, transparent slashing records mitigate slashing risks.

milkINIT gives Initia stakers continuous yield, crosschain liquidity, and access to an expanding DeFi toolkit, all without surrendering the security of the base chain stake.

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Last updated 4 days ago