MEXCBinance Labs Backs MilkyWay For Liquid Staking Revolution
Highlights
- Binance Labs invests in MilkyWay, a liquid staking protocol in Celestia's ecosystem, aiming to enhance liquidity and utility for TIA token holders.
- MilkyWay raises $5 million in a seed round with support from prominent investors like Polychain Capital and Binance Labs, highlighting confidence in its vision.
- MilkyWay has quickly become a leader in liquid staking, boasting over 156,000 milkTIA holders and seamless integration with DeFi protocols.
Binance Labs, the venture capital and incubation arm of Binance, has invested in MilkyWay, a liquid staking protocol operating within Celestia’s modular blockchain ecosystem. The investment aims to support MilkyWay’s mission of revolutionizing liquid staking by providing modular liquidity for rollups dependent on Celestia for Data Availability.
MilkyWay’s objective is to enhance the liquidity, composability, and utility of TIA tokens, thereby increasing capital efficiency for token holders. This investment is part of a $5 million seed round led by Polychain Capital and reflects Binance Labs’ strategic focus on backing innovative projects within the Celestia ecosystem.
MilkyWay Secures Funding from Leading Investors
MilkyWay, the liquid staking protocol, has successfully raised $5 million in a seed round, with participation from prominent investors such as Polychain Capital, Binance Labs, Hack VC, Crypto.com Capital, and LongHash Ventures.
This funding underscores the confidence of investors in MilkyWay’s vision to become the leading liquid staking protocol within the modular blockchain ecosystem, particularly within Celestia’s ecosystem. Yi He, Co-Founder of Binance and Head of Binance Labs, expressed support for MilkyWay’s growth and development, highlighting the significance of enriching the Celestia ecosystem through innovative projects like MilkyWay.
Also Read: Dogecoin Whale Buys 226M DOGE From Robinhood, Price Rally Ahead?
MilkyWay: Leading the Liquid Staking Revolution
MilkyWay, founded by a team of experienced engineers and builders from Tendermint, Osmosis, Cosmostation, Oak Security, and Composable Finance, has rapidly emerged as a prominent player in the liquid staking space. With over 156,000+ milkTIA holders and over 2.6 million TIA tokens staked since its inception, MilkyWay has established itself as a trusted platform for users seeking to maximize their returns through liquid staking.
MilkyWay’s seamless integration with over ten DeFi protocols offers users a comprehensive suite of financial services, including trading, leveraging, lending, and borrowing, further enhancing the utility and value proposition of the platform.
Also Read: Animoca Brands Teams Up With Opal Bitcoin For Bitcoin-based Web3 Projects
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Related Articles
- Ripple Swell Conference 2025: How to Watch, Date, and Expected Impact on XRP
- Crypto Market Crash as $595.8M in Longs is Liquidated, Bitcoin Slides to $105,000
- Saylor’s Strategy Buys 397 BTC as Trump Blames Democrats for Prolonged U.S. Shutdown
- Bitget Erects 10-Meter Interactive LED Tower, Launches Exclusive Crypto Prize Pool At UNTOLD Dubai
- Balancer Hack: $129M in Crypto Assets Stolen, Berachain Validators Halt Chain for Hard Fork
- Solana Price Eyes Rebound as Institutional Demand Tops $3.2B YTD
- Will Hyperliquid Price Hit $50 After OKX Listing?
- Top 3 Developments That Could Impact Bitcoin Price This Week
- Chainlink Price Eyes $30 Rebound as FTSE Russell Collaboration and Supply Squeeze Fuel Optimism
- Ethereum Price As Stablecoin Volume Hits ATH of $2.82T Despite Struggling Crypto Market- Is a Recovery In Sight?
- XRP Price Forecast: Spot ETF Approval Could Propel Token to $3.
