MilkyWay announces the launch of the TIA mobile staking protocol

ChainCatcher news, according to The Block, MilkyWay has launched a liquid staking protocol for TIA. This protocol allows users to stake Celestia (TIA) tokens and receive milkTIA as a reward, which is a token representing their staked assets. MilkTIA represents the staked TIA assets while retaining their liquidity. Users can trade these assets in various decentralized finance (DeFi) products or use them as collateral. This arrangement bypasses the common 21-day redemption period in the Cosmos ecosystem.