TechFlow reports that MilkyWay, a liquid staking protocol in the Celestia ecosystem, has announced the reason for its MassDrop delay. The team has decided to build minitia with support from Initia and Celestia, and directly launch the MILK token on it, simplifying the introduction of the milkINIT liquid staking solution.
MilkyWay also plans to build a Restaking Hub for the modular ecosystem, enabling users to restake tokens such as TIA and milkTIA to provide security for AVS and generate yield. The $MILK token is expected to launch in the second half of 2024.
Prior to the token launch, the mPoints system will continue operating, distributing Milky Multiplier Badges in the following phases:
-
December 18, 2023 – February 14, 2024
-
February 15, 2024 – April 1, 2024
-
April 2, 2024 – May 9, 2024
-
May 10, 2024 – June 15, 2024
Users who stake during these phases and remain staked continuously from December 18, 2023 onward will be eligible to claim all four badges.
Previous report: MilkyWay plans to airdrop 10% of the MILK token supply to TIA stakers and has completed a $5 million seed round led by Binance Labs and Polychain Capital.
