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## MilkyWay’s Liquid Staking Protocol for Celestia

### Overview
MilkyWay recently unveiled a liquid staking protocol for Celestia, aiming to revolutionize the staking process for TIA tokens. This innovative protocol allows users to stake TIA tokens and receive milkTIA in return, representing their staked assets. The introduction of this protocol comes with the promise of a more capital-efficient option compared to traditional staking processes.

### Celestia and TIA Tokens
Celestia, known for its modular network that Layer 2 rollup blockchains can utilize for data availability and consensus, made its debut on the Cosmos ecosystem’s mainnet towards the end of October. The TIA token plays a crucial role in this network, as it is used by validators for staking to secure the network.

### Benefits of MilkTIA
MilkTIA serves as a valuable representation of the staked TIA assets, while ensuring their liquidity. This brings along the advantage of users being able to trade or utilize these assets as collateral across various decentralized finance (DeFi) products. Notably, this arrangement bypasses the typical 21-day unbonding period commonly seen in Cosmos-based blockchains.

### Operation and Setup
A key highlight of MilkyWay’s operation is the absence of a dedicated Layer 1 blockchain. Instead, it extensively relies on smart contracts on Osmosis, functioning as the DeFi hub for the Cosmos ecosystem. Moreover, the liquid staking solution employs a multisig setup on Osmosis, managed by a consortium of seven reputable operators, including Everstake, Chorus One, Allnodes, 01node, DSRV, Keplr, and Cosmostation.

### Market Performance
Following its mainnet release on Oct. 31, the market value of TIA has experienced an impressive surge of nearly 400%, soaring from $2.50 to over $11.50, according to The Block’s price page.

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### legal Disclaimer
It’s important to note that the information provided in this article is for informational purposes only and is not intended to serve as legal, tax, investment, financial, or other professional advice. As always, individuals are encouraged to seek qualified legal and financial counsel for personalized guidance tailored to their specific circumstances and needs.

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