Binance Labs Backs MilkyWay For Liquid Staking Revolution

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As a researcher with a background in blockchain technology and a strong interest in decentralized finance (DeFi), I’m thrilled to see Binance Labs investing in MilkyWay, a liquid staking protocol within Celestia’s modular blockchain ecosystem. MilkyWay’s mission to revolutionize liquid staking by providing modular liquidity for rollups dependent on Celestia for Data Availability aligns with my belief in the potential of innovative projects within this space.

I, as an analyst, would like to share that Binance Labs, the investment and nurturing wing of Binance, has recently poured resources into MilkyWay, a groundbreaking liquid staking project functioning within Celestia’s adaptable blockchain infrastructure. This strategic investment is geared towards furthering MilkyWay’s vision of disrupting the liquid staking landscape by offering flexible liquidity solutions specifically tailored for rollups that rely on Celestia for Data Availability.

MilkyWay aims to improve the flexibility, interoperability, and functionality of TIA tokens, thus boosting token investors’ capital productivity. This investment is a part of a $5 million seed financing round headed by Polychain Capital, indicating Binance Labs’ commitment to supporting groundbreaking projects within Celestia.

MilkyWay Secures Funding from Leading Investors

As a crypto investor, I’m thrilled to share that MilkyWay, the innovative liquid staking protocol, has recently announced the successful completion of its seed funding round, raising an impressive $5 million. This round saw investment from some of the most esteemed names in the industry, including Polychain Capital, Binance Labs, Hack VC, Crypto.com Capital, and LongHash Ventures.

This investment expresses the faith that investors have in MilkyWay’s ambition to emerge as the preeminent liquid staking protocol within the modular blockchain landscape, with a particular focus on Celestia’s ecosystem. Yi He, who is both a Co-Founder of Binance and the Head of Binance Labs, voiced his endorsement for MilkyWay’s expansion and progression. He underscored the importance of bolstering the Celestia ecosystem through trailblazing initiatives like MilkyWay.

MilkyWay: Leading the Liquid Staking Revolution

A team comprised of seasoned engineers and constructors from well-known companies such as Tendermint, Osmosis, Cosmostation, Oak Security, and Composable Finance came together to create MilkyWay. In a short period of time, MilkyWay has made a significant impact in the liquid staking sector. Boasting more than 156,000+ milkTIA holders and over 2.6 million TIA tokens that have been staked since its launch, MilkyWay has gained the trust of users looking to boost their yields through liquid staking.

With MilkyWay, users have access to more than ten Decentralized Finance (DeFi) platforms integrated seamlessly, providing them a wide range of financial services such as trading, increasing buying power with leveraging, lending out assets for interest, and borrowing funds, thereby significantly expanding the platform’s usefulness and value proposition.

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2024-04-30 17:32