MilkyWay announces launch of TIA Liquid Staking Protocol
According to The Block, MilkyWay launched the TIA liquidity staking protocol. The protocol allows users to stake Celestia (TIA) tokens and receive a return of milkTIA, which represents their staked assets.
MilkTIA represents the staked TIA assets while retaining their liquidity. Users can trade or use these assets as collateral in various decentralized finance (DeFi) products. This arrangement bypasses the common 21-day redemption period in the Cosmos ecosystem.
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