what is Milkyway (MILK) ?

5-6-2025, 3:09:12 AM

Crypto Ecosystem

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The $MILK token is the native cryptocurrency of the MilkyWay Protocol, the first liquid staking and restaking protocol for the modular blockchain ecosystem, primarily integrated with Celestia and Initia. Launched on December 18, 2023, MilkyWay enhances liquidity and yield potential, achieving a $190M TVL. This artifact details $MILK’s purpose, mechanics, tokenomics, and investment considerations, drawing from recent market data and community insights.

Overview

Project: MilkyWay is a modular staking portal combining liquid staking and restaking to boost security, scalability, and liquidity in blockchains like Celestia.
Blockchain: Celestia (Osmosis, with Rollkit migration planned), Initia.
Contract Address: 0x51db8a22b961a048238ad4f9498602e0089291c1
Launch Date: December 18, 2023 (TGE: April 29, 2025)
Purpose: Governance, fee sharing (10% of milkTIA rewards), trading, staking, and DeFi utility.

Mechanics

Liquid Staking

Process: Users stake TIA/INIT via app.milkyway.zone (Keplr/Leap wallet), receiving milkTIA/milkINIT, which accrue staking rewards and remain liquid for DeFi use (e.g., Osmosis, Levana).
Benefits: No 21-day lock-up, auto-compounding rewards (7–10% APR), validator abstraction for optimized performance.
Example: Stake 100 TIA, get 100 milkTIA, earn staking rewards, and lend on Osmosis for 5–15% APR.

Restaking

Process: Restake TIA/milkTIA to secure modular chains or AVS, earning additional rewards (2–5% APR).
Benefits: Triple returns (staking, DeFi, restaking), supports modular blockchain security.
Example: Restake milkTIA to Astria’s Sequencer Network for extra yield.

Governance and Fee Sharing

Governance: $MILK holders vote on protocol changes via a 100% DAO model.
Fee Sharing: 10% of milkTIA staking rewards distributed to $MILK holders.
Example: $1M monthly milkTIA rewards yield $100,000 for $MILK holders.

mPoints and Airdrop

mPoints: Earned pre-TGE by holding milkTIA (1 mPoint/day) or using it in DeFi (1.25 mPoints/day). Determined airdrop eligibility.
Airdrop: 100M MILK (10% supply) airdropped on April 29, 2025, with unlocks (2% TGE, 2.5% at 3/6 months, 3% at 12 months).

Tokenomics

Total Supply: ~1.2B MILK
Circulating Supply: 238.9M–240M
Market Cap: $30.55M–$30.97M (#672–#937)
Price: $0.1279 (down 13.81% in 24h)
Trading Volume (24h): $17.34M–$27.90M
FDV: $100M–$200M
Exchanges: MEXC, Bitget, Bybit, CoinEx, PancakeSwap, Osmosis
Airdrop Allocation: 10% (100M MILK, phased unlocks)

Conclusion

MilkyWay’s $MILK token powers a leading liquid staking and restaking protocol, offering liquidity, high yields, and governance in the Celestia ecosystem. Despite volatility and competition, its $190M TVL and strong backing make it a compelling high-risk opportunity. Trade cautiously, stake for yields, and verify data on CoinMarketCap or MilkyWay Docs.

* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.

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Overview

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Tokenomics

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