The liquidity staking derivatives protocol MilkyWay V1 on Celestia will be launched in Q4 of this year

ChainCatcher news, Milkyway announced on platform X that it will launch the Celestia liquid staking derivative protocol MilkyWay on the Cosmos ecosystem DEX Osmosis, with the V1 version set to be released in the fourth quarter of 2023. stTIA can be used for DEX liquidity, lending, staking derivatives, perpetual trading, and more. Additionally, a 10% protocol fee will be charged on the staking rewards generated for stTIA holders, and the MilkyWay DAO will be fully governed by the native token MILK, overseeing the protocol.

The MilkWay team members come from Tendermint, Osmosis, Cosmostation, Crescent, Oak Security, Composable Finance, and Crypto.com. Furthermore, Milkyway will launch 9 trusted validator nodes, including Stake.fish, Everstake, Chorus One, Allnodes, 01node, DSRV, Cosmostation, Hex Trust, and Keplr.