MilkyWay

Ethereum

Rally

Cosmos

Celestia

The decentralized exchange platform MilkyWay announced a liquid staking protocol for the Celestia ecosystem. The protocol will allow users to stake their Celestia (TIA) tokens and receive milkTIA, a token representing the staked assets. This move is intended to offer users a more capital-efficient option compared to the traditional staking process.
<h2 class="p1" style="text-align: justify" id="noteworthy-developments-in-the-process">Noteworthy Developments in the Process</h2>
Celestia was launched as a modular network that Layer-2 rollup blockchain ecosystems can use for data availability and consensus. Celestia was introduced to users on the mainnet within the Cosmos ecosystem at the end of October. The TIA token is used by validators to stake for the purpose of securing the network.
MilkTIA will allow users to maintain liquidity while representing their staked TIA assets. Users can trade these assets in various decentralized <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">finance</a> (<a href="https://en.coin-turk.com/the-risks-presented-for-crypto-assets-analysis-of-the-defi-sector-by-esma/" data-wpel-link="internal" rel="noopener noreferrer nofollow">DeFi</a>) products or use them as collateral. With this arrangement, the common 21-day lock-up period prevalent in Cosmos-based blockchain networks will no longer be necessary.
MilkyWay operates without the need for a dedicated Layer-1 blockchain ecosystem. The protocol was designed using smart contracts on Osmosis, which serves as a DeFi hub for the Cosmos ecosystem, to offer a liquid staking solution.
This initiative involves a multisig setup on Osmosis, managed by a consortium consisting of seven major platforms including Everstake, Chorus One, Allnodes, 01node, DSRV, Keplr, and Cosmostation. The first step in the launch of MilkyWay will also include a TIA: milkTIA liquidity pool on Osmosis’s decentralized exchange.
<img fetchpriority="high" decoding="async" class="aligncenter wp-image-271724 size-full" src="https://coin-turk.com/wp-content/uploads/2023/10/celestia-tia-coin-nedir-coin-turk-com.jpeg" alt="" width="1920" height="1080">
<h2 class="p1" style="text-align: justify" id="tia-price-experiences-a-rally">TIA Price Experiences a Rally</h2>
According to data from Tradingview, since the mainnet launch on October 31, the market value of TIA has gained approximately 400%, with the token trading above $144.88 from its launch price of $2.50. At the time of writing, TIA was trading at $12.34.
Before the recent surge in the crypto market, TIA was introduced, especially allowing many Web3 users to make significant gains through an airdrop event. The fact that these criteria encompass both the Cosmos and <a href="https://en.coin-turk.com/ethereums-potential-rival-to-surpass-it/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum</a> ecosystems has garnered praise from many experts. The TIA price gaining such momentum after a successful token launch was unexpected by many users. Continue Reading: <a href="https://en.coin-turk.com/milkyway-announces-liquid-staking-protocol-for-celestia-ecosystem-2/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/milkyway-announces-liquid-staking-protocol-for-celestia-ecosystem-2/</a>

MilkyWay Announces Liquid Staking Protocol for Celestia Ecosystem

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