MilkyWay Secures $5M Funding from Binance Labs and Polychain Capital, Accelerating Growth in Celestia Ecosystem
MilkyWay, a liquid staking protocol operating within Celestia’s ecosystem, has secured a significant $5 million in funding led by Binance Labs and Polychain Capital. With over 156,000 milkTIA holders and integration with 10+ DeFi protocols, MilkyWay is set to revolutionize the staking landscape.
The platform, spearheaded by a team of experienced engineers, aims to enhance liquidity, composability, and utility for TIA token holders. By offering a wide range of financial services such as trading, leveraging, lending, and borrowing, MilkyWay has quickly gained traction within the blockchain community.
The successful seed funding round, backed by top investors like Binance Labs and Polychain Capital, highlights the confidence in MilkyWay’s vision. Yi He, the Co-Founder of Binance, emphasized the importance of supporting MilkyWay’s growth within the Celestia ecosystem.
With its innovative approach and strategic partnerships, MilkyWay is well-positioned to lead the liquid staking revolution in decentralized finance. The platform’s dedication to enhancing liquidity and utility for TIA token holders showcases a broader trend towards maximizing the potential of staked assets in the DeFi space.
