TechFlow reports that MilkyWay has launched the first liquid staking protocol for the Celestia network, featuring the milkTIA token, which represents staked TIA positions.
The protocol allows users to stake Celestia (TIA) tokens and receive milkTIA in return—a token representing their staked assets.
milkTIA represents staked TIA assets while maintaining liquidity, enabling users to trade or use these assets as collateral across various decentralized finance (DeFi) platforms. This setup bypasses the typical 21-day unbonding period common in Cosmos-based blockchains.
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