According to TechFlow, MilkyWay has released the first liquidity staking protocol for the Celestia network, which includes milkTIA tokens, representing staked TIA positions.
The protocol enables users to stake Celestia (TIA) tokens and receive milkTIA in return — a token representing their staked assets.
MilkTIA represents staked TIA assets while maintaining their liquidity, allowing users to trade or use these assets as collateral for various decentralized finance (DeFi) products, an arrangement that bypasses the typical 21-day unbonding period common in Cosmos-based blockchains.
