Key Takeaways
- MilkyWay is a liquid staking solution for the Celestia blockchain network.
- You can stake TIA tokens and receive milkTIA in return. milkTIA is used for lending, borrowing, and participating in DeFi activities listed on MilkyWay’s platform.
- MilkyWay is distributing 10% of its $MILK tokens to users in Q2 2024.
What Is WilkyWay?
MilkyWay is a liquid staking project built on top of the Celestia blockchain. It provides a service for users to stake their Celestia tokens (TIA) and receive liquid staking tokens (milkTIA) in return. For context, liquid staking gives you a tradable token in return for your staked tokens, allowing you to participate in DeFi activities while still earning staking rewards.
How To Qualify For An Airdrop?
In February, MilkyWay confirmed they would conduct an airdrop and allocated 10% of the total $MILK supply for distribution.
The airdrop is scheduled for Q2 2024, which may happen between April and June.
To join:
Requirements:
- Keplr Wallet;
- Some Celestia (TIA) tokens.
👉 STEP 1: Head over to MilkyWay’s staking page at https://app.milkyway.zone/.
👉 STEP 2: Stake some TIA tokens into milkTIA.
👉 STEP 3: Interact with DeFi applications listed on MilkWay’s platform.
Note: Some sources suggest additional factors like the duration you staked or interaction with DeFi applications using milkTIA could influence the amount received in the airdrop. However, official details have not been confirmed.
Final Thoughts
That’s about it for this airdrop guide! If you have any questions, please do not hesitate to contact us on our official social media channels. Good luck!
Get started with token airdrops and explore our Farcaster potential airdrop, Io.net Ignition, or INIT Capital ($NIT) guide to learn some crypto strategies and how to earn extra rewards.
