According to ChainCatcher, according to The Block, the Celestia ecosystem liquidity pledge agreement MilkyWay has completed a $5 million financing, led by Binance Labs and Polychain Capital, and co-invested by Hack VC, Crypto.com Capital and LongHash Ventures. It is reported that the structure of this round of financing is a simple agreement for future equity (SAFE) and token warrants for the joint lead investors, and a simple agreement for future tokens (SAFT) for participating investors.
According to RootData, a Web3 asset data platform, MilkyWay is a liquidity staking solution for the Celestia ecosystem, initially deployed and run on Osmosis, with a long-term plan to migrate to Celestia's rollkit for local milkTIA issuance. When users stake TIA tokens on MilkyWay for liquidity, they receive an on-chain representation of the TIA staking status, called milkTIA. This enables Celestia token holders to obtain liquidity for their staked assets, enabling transactions or using them as collateral for various DeFi products.
