Investment in MilkyWay: Revolutionizing Liquid Staking with Binance Labs
Binance Labs, the venture capital and incubation arm of Binance, has made a strategic investment in MilkyWay, a liquid staking protocol operating within Celestia’s modular blockchain ecosystem. The investment, part of a $5 million seed round led by Polychain Capital, 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, ultimately increasing capital efficiency for token holders. This investment from Binance Labs and other leading investors such as Hack VC and Crypto.com Capital highlights the confidence in MilkyWay’s vision to become the leading liquid staking protocol within the modular blockchain ecosystem.
Yi He, Co-Founder of Binance and Head of Binance Labs, expressed support for MilkyWay’s growth and development, emphasizing the importance of enriching the Celestia ecosystem through innovative projects like MilkyWay. With a team of experienced engineers and builders from reputable projects like Tendermint and Osmosis, MilkyWay has quickly established itself as a trusted platform for users seeking to maximize their returns through liquid staking.
With over 156,000 milkTIA holders and 2.6 million TIA tokens staked, MilkyWay offers seamless integration with over ten DeFi protocols, providing users with a comprehensive suite of financial services. This investment marks a significant milestone for MilkyWay as it continues to lead the liquid staking revolution within the blockchain ecosystem.
