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HomeMarketMilkyWay secures US$5 million in seed funding led by Binance Lab

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

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  • MilkyWay secures $5 million in funding led by Binance Labs and Polychain Capital.
  • MilkyWay boasts 156,000+ milkTIA holders and integrates with 10+ DeFi protocols.
  • Binance co-founder highlights assist for MilkyWay's progress in Celestia ecosystem.

MilkyWay, a liquid staking protocol working within the Celestia ecosystem, has reached a serious milestone after efficiently elevating $5 million in a just-closed seed funding spherical.

This seed funding spherical was backed by notable buyers resembling Binance Labs and Polychain Capital, marking a pivotal second in MilkyWay's journey to extend liquidity and utility for Celestia (TIA) token holders.

The rise of the MilkyWay to prominence

Led by a workforce of skilled engineers from varied famend tasks, MilkyWay has rapidly change into a pioneer within the liquid betting area.

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MilkyWay's major aim is to extend liquidity, composability and utility for TIA token holders, finally growing capital effectivity. By seamless integration with greater than ten DeFi protocols, the platform presents customers a complete set of economic companies, together with buying and selling, leverage, lending and borrowing.

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 confidence and strategic assist

The $5 million seed spherical, led by Polychain Capital and with the participation of Binance Labs and different main buyers, underscores the robust confidence in MilkyWay's imaginative and prescient.

Yi He, Co-Founding father of Binance and Head of Binance Labs, expressed robust assist for MilkyWay's progress trajectory and emphasised the significance of supporting innovation throughout the Celestia ecosystem.

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With its progressive method and strategic partnerships, MilkyWay is poised to guide the liquid betting revolution in a modular blockchain ecosystem. The platform's dedication to extend liquidity and utility for TIA token holders displays a broader pattern in the direction of unlocking the complete potential of embedded belongings in decentralized finance.

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