Binance Labs, the venture capital and incubation division of Binance, has invested in MilkyWay, a liquid staking protocol for Celestia’s modular blockchain ecosystem. MilkyWay aims to lead in providing modular liquidity for rollups dependent on Celestia for Data Availability by enhancing the liquidity, composability, and utility of TIA tokens to boost capital efficiency for token holders.
Yi He, Co-Founder of Binance and Head of Binance Labs, stated: “We support the enrichment of Celestia’s ecosystem through Labs’ investments. This investment in MilkyWay highlights an innovative project advancing use cases within Celestia. We anticipate MilkyWay’s growth and development in the modular data availability space.”
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Founded by engineers and builders from Tendermint, Osmosis, Cosmostation, Oak Security, and Composable Finance, MilkyWay has grown to serve over 156,000 milkTIA holders and has staked over 2.6 million TIA tokens since its inception. MilkyWay integrates with more than ten DeFi protocols, offering a comprehensive user experience that includes trading, leveraging, lending, and borrowing, allowing users to earn additional yields on top of the native rewards from staking.
JayB, Founder and CEO of MilkyWay, said: “MilkyWay is designed specifically for the modular ecosystem as a liquid staking protocol. Our mission is to build the most secure and robust modular liquid staking protocol while continually innovating to expand our protocol’s capabilities within the modular ecosystem through advanced technology. We are honored and excited to have Binance Labs’ support in realizing this vision.”
About MilkyWay:
Launched in December 2023, MilkyWay is a pioneering liquid staking protocol within the modular ecosystem, serving over 150,000 users. Its LST, milkTIA, is integrated into more than 10 DeFi applications across the ecosystem. Currently, MilkyWay is developing a rollup to serve as a foundational layer, enabling its LST to provide enhanced security services throughout the modular ecosystem. For more information, follow MilkyWay on X.
About Binance Labs:
Binance Labs, the venture capital arm and accelerator of Binance, is now valued at over $10 billion. Its portfolio includes 250 projects from over 25 countries across six continents and boasts a return on investment rate of over 14X. Fifty of Binance Labs’ portfolio companies have gone through its incubation programs. For more information, follow Binance Labs on X.
David Ma was born in 1980 in California, is a Vietnamese American, known as one of the entrepreneurs and investors in the field of cryptocurrency and stock market. In 2006, he graduated from Stanford University with honors and began his career in business.
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