MilkyWay
Latest round
- Seed
Last raised
- Apr 2024
Total raised
- $5M
Investors
- 5
About MilkyWay
Founded in 2023, MilkyWay operates as a blockchain company that provides Liquid Staking protocol.com Capital, and LongHash Ventures. The firm as of April 2024, has over 150,000 users. The company’s liquid staking protocol is designed specifically for Celestia's modular ecosystem. MilkyWay through its liquid staking mechanism, users can stake their TIA tokens, contributing to the security of Celestia, and in return, receive milkTIA tokens. These milkTIA tokens not only represent the staked TIA but also accrue in value alongside staking rewards. Additionally, MilkyWay partners with validators from Celestia's validator set, ensuring decentralization and security. Users can stake their TIA tokens with MilkyWay without the need to select specific validators, as the tokens are evenly distributed among all validators. As for revenue generation, MilkyWay applies a 10% protocol fee on staking rewards. Additionally, MilkyWay, as of May 2024, plans to introduce $MILK as its native token. $MILK holders will receive a portion of the protocol fee and will have governance rights over the protocol's future.
Who invested in MilkyWay
5 investors across 1 round
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Funding rounds
Seed
Apr 30, 2024
Amount
$5M
Investors
Questions about MilkyWay
Who invested in MilkyWay?
MilkyWay has 5 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has MilkyWay raised?
MilkyWay has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did MilkyWay last raise money?
MilkyWay's most recent round on record is a Seed, in Apr 2024.
What does MilkyWay do?
Founded in 2023, MilkyWay operates as a blockchain company that provides Liquid Staking protocol.
Which VCs invest in companies like MilkyWay?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at MilkyWay's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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