Milkyway announced the closure of its project, advising users to withdraw any remaining liquidity from the platform. Participants who deposited funds should promptly remove assets via the official app to avoid being affected by the shutdown and any deprecation of services. The team shared the notice on X with guidance for winding down positions.
Milkyway is a Cosmos‑SDK based modular Layer‑1 and staking hub that offers liquid‑staking derivatives (e.g., milkTIA) and a restaking layer for modular chains like Celestia, Initia, and Babylon. It lets users earn staking rewards while keeping liquid receipts usable across DeFi and enables restaked assets to secure Actively Validated Services (AVSs). MILK is the native utility and governance token used for fees, staking, and on‑chain governance.
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