MilkyWay secures $5 million in seed funding led by Binance Lab

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  • MilkyWay has secured $5 million in funding led by Binance Labs and Polychain Capital.
  • MilkyWay boasts over 156,000 milkTIA holders and integrates with over 10 DeFi protocols.
  • Binance co-founder highlights help for MilkyWay's development within the Celestia ecosystem.

MilkyWay, a liquid staking protocol working throughout the Celestia ecosystem, has achieved a big milestone by efficiently elevating $5 million in a just-closed seed funding spherical.

This seed funding spherical is backed by outstanding buyers resembling Binance Labs and Polychain Capital, and marks a pivotal second in MilkyWay's journey in direction of growing liquidity and utility for Celestia (TIA) token holders. is proven.

Rise of the Milky Means

Spearheaded by a group of skilled engineers from numerous high-profile initiatives, MilkyWay has shortly emerged as a front-runner within the liquid staking house.

MilkyWay's main goal is to boost liquidity, configurability, utility, and in the end enhance capital effectivity for TIA token holders. The platform gives customers a complete suite of economic providers together with buying and selling, leverage, lending, and borrowing by seamless integration with over 10 DeFi protocols.

Boasting over 156,000 MilkTIA holders and facilitating the staking of over 2.6 million TIA tokens, the platform has gained belief and recognition throughout the blockchain neighborhood.

Investor belief and strategic help

This $5 million seed spherical led by Polychain Capital with participation from Binance Labs and different outstanding buyers confirms our agency confidence in MilkyWay’s imaginative and prescient.

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Yi He, Co-founder of Binance and Director of Binance Labs, expressed robust help for MilkyWay's development trajectory and emphasised the significance of fostering innovation throughout the Celestia ecosystem.

With its revolutionary method and strategic partnerships, MilkyWay is poised to guide the liquid staking revolution throughout the modular blockchain ecosystem. The platform’s dedication to enhancing liquidity and utility for TIA token holders displays the broader pattern of maximizing the potential of staked belongings in decentralized finance.

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