Remember the Jito airdrop in December?
I think $MILK could be even bigger.
Find out how to qualify for one of the biggest airdrops on Celestia in 2024.
MilkyWay is a project providing a liquid staking solution for Celestia's $TIA token.
When you stake your $TIA, you receive milkTIA, an on-chain representation of your TIA staking position, which can be utilized in DeFi applications.
Lido → ETH
Jito → SOL
MilkyWay → TIA
Celestia is a modular data availability network that makes it easy for anyone to launch their own blockchain.
There are several benefits to staking $TIA:
14% APR
Exposure to future airdrops (think $DYM $ALT)
So if you are bullish on Celestia, then staking it makes sense.
https://twitter.com/jake_pahor/status/1734589069215350892
In addition to that, you can liquid stake your $TIA with a protocol like MilkyWay and potentially get exposure to their own airdrop ($MILK) as well as any other future Celestia eco airdrops.
In the past, projects have also included $milkTIA in their airdrop eligibility.
I'm going to put MilkyWay through my airdrop framework to see if it's worth farming.
@milky_way_zone received $120k in funding grants from the Osmosis Grants Program in November 2023. In return, MilkyWay will provide equivalent $MILK tokens when launched to the Osmosis DAO.
In February, the team announced the launch of their mPoints program. They will airdrop a substantial 10% of the total $MILK supply to mPoints holders.
Here's how you can earn mPoints:
HODL milkTIA: 1 milkTIA = 1 mPoint per day
Engage in DeFi: 1.2 mPoints per day
The TVL on MilkyWay is currently at $36m, slightly down from its peak of $51m in February.
This decrease also aligns with the dip in TIA's price from February to March.
Despite this, there continues to be strong demand for liquid staked TIA.
Based on my calculations, there are approximately 152k mPoints holders. I currently rank in the top 8.2% at 12,524.
I'd say this airdrop is not too diluted yet. Even with a modest milkTIA deposit, I'm already in the top 10%, so it could still be quite profitable.
The Celestia hype from February has calmed down significantly. However, the fundamentals are stronger than ever.
The modular narrative continues to grow stronger and I think that now is a great opportunity to farm while CT's focus is on other things (e.g. memecoins).
https://twitter.com/therollupco/status/1771160326379352210
One of the reasons I like the $MILK airdrop farming opportunity is it's pretty low effort.
All you need to do is hold your $milkTIA in order to earn mPoints and qualify.
To get extra points, you can deploy your milkTIA into DeFi protocols and also partake in referrals.
Overall, MilkyWay earns a score of 7.15 on my airdrop assessment tool. Putting it in 5th position overall.
If you are already bullish on Celestia and holding $TIA, then farming $MILK airdrop is a no brainer for me.
Note: This is NOT a sponsored post for MilkyWay Zone.
However, if you are interested in farming the $MILK airdrop, I would encourage you to use my referral code below. It’s a win win, you get 10% extra mPoints on your milkTIA and so do I!