Welcome to the MilkyWay Zone, where the cosmos it’s a groundbreaking modular staking protocol that’s reshaping the landscape of decentralized finance (DeFi). At the heart of this innovation lies the $MILK token, a utility and governance asset that’s fueling a new era of liquid staking and restaking.
🌌 What is MilkyWay Zone?
Launched in December 2023, MilkyWay Zone is a Cosmos-based Layer-1 blockchain designed to revolutionize staking through two core features: Liquid Staking (LSD) and Restaking. These mechanisms allow users to keep their assets fluid while extending security to multiple off-chain or specialized on-chain services.
🥛 Introducing the $MILK Token
The $MILK token serves as both the utility and governance token within the MilkyWay ecosystem. Holders of $MILK receive a portion of the 10% protocol fee charged on all staking rewards generated by stTIA holders. Additionally, $MILK holders have the power to vote on changes to the protocol, such as new features, fee structures, and treasury management.
MilkyWay places a strong emphasis on security and transparency. The protocol’s smart contracts and off-chain programs undergo comprehensive testing and meticulous auditing before launch. Furthermore, the code is open-source, allowing for community scrutiny and collaborative improvement.
🌐 MilkyWay Zone Ecosystem and Integrations
MilkyWay has rapidly expanded its ecosystem, integrating with over ten DeFi protocols, including Dymension, Camelot, and Osmosis. These integrations offer users a holistic experience that spans trading, leveraging, lending, and borrowing activities.
💰 Funding and Growth
In April 2024, MilkyWay successfully raised $5 million in a seed funding round led by Polychain Capital and Binance Labs. The funds are being utilized to expand the team, cover operational expenses, and further develop the modular ecosystem.
🚀 The Future of MilkyWay Zone
With a growing user base, a robust ecosystem, and strong backing from industry leaders, MilkyWay is poised to lead the charge in modular staking solutions. As the protocol continues to evolve, it aims to provide users with more opportunities to maximize returns and participate in the governance of the ecosystem.
