According to TechFlow, Celestia ecosystem liquidity pledge protocol MilkyWay announced the reason for the extension of MassDrop, saying that it decided to build minitia with the support of Initia and Celestia, and directly issue MILK tokens on it to simplify the introduction of milkINIT liquidity pledge solution.
A Restaking Hub will also be built for the modular ecosystem, allowing users to re-stake tokens such as TIA and milkTIA to provide security for AVS and generate income. The $MILK token is expected to be released in the second half of 2024.
Prior to the token launch, the mPoints system will continue to operate, with Milky multiplier badges being issued in the following phases:
December 18, 2023 - February 14, 2024
February 15, 2024 - April 1, 2024
April 2, 2024 - May 9, 2024
May 10, 2024 - June 15, 2024
Users who staked during these phases can claim badges, and those who began staking on December 18, 2023, and are still staking, can claim all four badges.
According to previous news, MilkyWay plans to airdrop 10% of the MILK supply to TIA stakers. MilkyWay has completed a $5 million seed round of financing, led by Binance Labs and Polychain Capital.