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Project review

What Is MilkyWay (MILK)? What Is It Used For?

Emre Yumlu
Publish Date: 28 April 2025 16:27:45
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milkyway (MILK)
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Apr

MilkyWay (MILK) is a layer-1 blockchain project developed within the Cosmos ecosystem, focusing on liquid staking and restaking features. Its goal is to enable users to stake assets without locking them, strengthen cross-chain security, and offer DeFi flexibility.

What Does MilkyWay Offer?

MilkyWay (MILK) provides a modular blockchain ecosystem where locked assets can move freely across chains, combining security and liquidity, allowing liquid staked tokens to easily flow across various networks and services.

• Liquid Staking

  • In traditional proof-of-stake (PoS) systems, staked tokens remain locked and cannot be used elsewhere.
  • MilkyWay allows users to deposit tokens like TIA, BABY, or INIT and receive liquid staking tokens such as milkTIA, milkBABY, or milkINIT in return.
  • These tokens can be freely used across DeFi protocols, allowing users to benefit from liquidity without sacrificing staking rewards.

staking

• Restaking

  • MilkyWay enables staked assets to simultaneously secure multiple services.
  • It provides security for blockchain infrastructures such as bridges, oracles, and rollup sequencers, known as Actively Validated Services (AVS).
  • Advanced slashing mechanisms, liquid staking accounting, and bridge interactions are supported by Cosmos SDK and CometBFT infrastructure.

The Story of MilkyWay

MilkyWay was born in December 2023 by developing a liquid staking solution for the Celestia blockchain. Users could maintain liquidity while staking TIA tokens and interact with DeFi protocols using milkTIA.

Later, it expanded into modular ecosystems like Babylon and Initia, introducing new tokens like milkBABY and milkINIT.

Click here to get project’s whitepaper.

Who Is MilkyWay For?

  • Stakers: Users who want to stake TIA, INIT, or BABY tokens while preserving liquidity and earning extra rewards.

  • AVS Developers: Projects seeking security without establishing their own validator set.

  • Validators and Operators: Validators looking to diversify income sources by verifying multiple services.

  • Restakers: Investors aiming to earn additional returns by restaking assets.

  • Liquidity Providers: Those seeking efficient investment opportunities within the DeFi and restaking ecosystem.

How Does MilkyWay Work?

• Liquid Staking Workflow

  • Token Purchase: Obtain TIA, INIT, or BABY tokens through CEX, DEX, or bridges.

  • Wallet Connection: Connect with MilkyWay dApp via Keplr, Leap, or Cosmostation wallets.

  • Liquid Stake: Deposit tokens and receive milkTIA, milkBABY, or milkINIT at a 1:1 ratio.

  • Usage: Utilize the obtained LSD tokens in DeFi protocols for swaps, farming, or lending activities.

  • Reward Collection: Staking rewards are collected automatically, and users can withdraw their tokens anytime.

• Withdrawal Process

  • Swap on DEX: LSD tokens like milkTIA can be quickly swapped on DEXs such as Osmosis.

  • Platform Withdrawal: Users can request withdrawals through the MilkyWay platform and reclaim their original TIA tokens after Celestia’s 21-day unbonding period.

Why MilkyWay?

  • Reliability: Proven success with liquid staking on Celestia.

  • Capital Efficiency: Ability to benefit from both staking rewards and DeFi opportunities.

  • Easy Integration: Simple security solutions for developers.

  • Community-Driven: Integrated structure among developers, validators, and investors.

  • Modular Restaking Protocol: Combining DeFi and restaking.

Modular Restaking Protocol: MilkyWay

What Is Restaking?

Restaking extends the security of existing Proof of Stake (PoS) blockchains to off-chain services like bridges, oracles, and rollup sequencers.

What Are AVSs? Which Projects Can Become AVS?

AVSs (Application-specific Validators) are services or applications that perform off-chain tasks with MilkyWay’s restaking operators.

AVSs have autonomy over slashing rules, token choices, and reward distribution.

avs

Are There Any AVSs Protected by the MilkyWay Protocol?

Yes, many AVSs have joined the MilkyWay network. These include rollup sequencers, light nodes, RPCs, LLMs, and trading and lending protocols. New AVSs will be added as the ecosystem expands.

Click here to get project’s X account.

Which Assets Can Be Restaked with MilkyWay?

In Q4 2024, $TIA and its derivative tokens (milkTIA, stTIA, dTIA) started restaking. More assets will be supported in the future.

Is There an LRT (Liquid Restaking Token)?

Yes, MilkyWay’s open structure allows anyone to develop their own liquid restaking service. Teams like Inertia are currently working on LRT projects.

What Is an LRT?

A Liquid Restaking Token (LRT) keeps staked assets liquid. LSD tokens are obtained, restaked through a liquid restaking protocol, and converted into LRTs.

What Advantages Do Restakers Gain?

  • Assets work more efficiently.

  • Earn extra rewards by securing not just one network but multiple services.

If an AVS Gets Slashed, Will I Lose All My Stake?

Yes, if the same asset is used for multiple AVSs and one is penalized, the general stake may be affected. Risk management can involve using different wallets or operators. Currently, slashing is not active on MilkyWay.

How Is MilkyWay’s Restaking Protocol Different?

  • Multi-Asset Support: Restaking with multiple tokens.

  • Hybrid Models:

    • Pooling: Merge assets for higher returns.

    • Operator: Delegate to a specific operator.

    • AVS-Focused: Directly support a specific AVS.

Flexibility and control are left to the users.

MilkyWay (MILK) Team

The founder of MilkyWay ($MILK) is JayB Kim, who previously worked as a Smart Contract Auditor at Oak Security and as a Lead Blockchain Engineer at Tendermint and Crescent.

The founding team also includes Josie Leung, responsible for non-technical strategies, who gained experience at major companies such as Tendermint, Crypto.com, and Composable Finance.

Project Investors

MilkyWay (MILK) is backed by leading industry investors and exchanges, including Binance Labs, Crypto.com, LongHash Ventures, Hack VC, and Polychain Capital.

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