Binance Labs, the venture capital and incubation arm of Binance, has invested in MilkyWay, a liquid staking protocol operating within Celestia’s modular blockchain ecosystem. The investment aims to support MilkyWay’s mission of revolutionizing liquid staking by providing modular liquidity for rollups dependent on Celestia for Data Availability.
MilkyWay’s objective is to enhance the liquidity, composability, and utility of TIA tokens, thereby increasing capital efficiency for token holders. This investment is part of a $5 million seed round led by Polychain Capital and reflects Binance Labs’ strategic focus on backing innovative projects within the Celestia ecosystem.
MilkyWay Secures Funding from Leading Investors
MilkyWay, the liquid staking protocol, has successfully raised $5 million in a seed round, with participation from prominent investors such as Polychain Capital, Binance Labs, Hack VC, Crypto.com Capital, and LongHash Ventures.
This funding underscores the confidence
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