How yo get the Milky Way airdrop on Celestia

Carlos Abiassaf -

Disclaimer⚠️: Investing in Crypto is risky and interacting with different DEFI protocols involves a lot of risks.

Milkyway is one of the leading DEFI projects built around the Celestia token on the Osmosis network. It is a liquid stacking platform, meaning when you stake your coins on it you will get a similar token issued on osmosis( milktia). Your tokens won't be completely locked since you will have the ones issued on osmosis to be able to sell and buy with. Those tokens trade at a slight discount than the original tia. This empowers Celestia token holders to access liquidity for their staked assets, enabling trading or their use as collateral in various DeFi products. Liquid-staked TIA automatically compounds staking rewards, and users can withdraw their TIA to receive their native tokens and accrued staking rewards.

Airdrop:

The MilyWay project announced a new point system for its airdrop.The mPoints system will be in full swing throughout early 2024, with an airdrop of 10% of the total supply planned for mPoints holders at TGE.

We don't know how the points will translate into tokens but we can assume the more points you have the more tokens you will get.

How to qualify?

You need to stake your Celestia tokens on MilkyWay. For those not familiar with the term stacking is locking your tokens on a protocol to earn rewards(Which most of the time is an APR interest). When you stake your TIA you get MilkTIA and the more MIlKTIA you hold the more points you will get daily.

Step 1: BUY Celestia

You need to buy Celestia tokens from a CEX like Binance or Coinbase.

Step 2: Create a Keplr Wallet

To interact with Defi protocols on Cosmos the native network on which, Celestia, Injective, and Osmosis are built you will need a Keplr wallet. Similar to how you need a MetaMask wallet to interact with Ethereum Dapps or a phantom wallet to buy Solana meme coins.

Beware of scams!

Here is the official Keplr website: https://www.keplr.app/

Step 3: Send your Celestia to your wallet

After creating your wallet and saving the secret phrases, you will need to send your Celestia there. Pick the deposit of Celestia on the Tia network to get an address. You can try to make a small deposit first to make sure your setup is correct. Then you can proceed with sending the full amount you would like to stake.

Step 4: Stake your Tia on Milky Way

Go to https://app.milkyway.zone?ref=TheAnlayst and connect your Kepler wallet to the website. Make sure you are on the real website and don't accept any random signature on your wallet. After making sure you are at the right place you can stake your TIA tokens on Milky Way. I would recommend keeping at least 0.5 TIA in your wallet to pay for future gas fees. Even if in normal circumstances a transaction costs less than $0.15. After stacking your Tokens you should receive MilkTia on the Osmosis network that you can use in various defi protocols.

Step 5: Getting more points

On the top right corner, there will be a golden star with a number representing the points you have. You can click on it and see how many points you have and how you can increase them.

If you liked this tutorial please make sure to use our referral code when staking https://app.milkyway.zone?ref=TheAnlayst . You and I will get more points by using referrals.