Securing Freedom to Build: How MilkyWay is Revolutionizing Restaking
In the rapidly evolving world of blockchain, building a successful Dapp or infrastructure service is no small feat.
Developers and teams face a bumpy road, especially when it comes to bootstrapping the security and economic sustainability of their protocols. because it involves designing staking token, recruiting node operators (validators), attracting stakers to stake, and building liquidity.
Many projects encounter a fundamental challenge: node operators are unwilling to join a network unless it promises profitability, while users hesitate to engage with a network that isn’t already secure and reliable. This creates a deadlock, making it difficult for new initiatives to gain momentum and establish a foothold in the market.
The Challenge: Inefficient Restaking Models
One of the primary challenges in today’s blockchain ecosystem is the fragmented nature of crypto-economic security across multiple networks.
Most blockchain systems rely on a Proof of Stake (PoS) model, which requires a significant amount of collateral to be locked in the network for security. While this collateral could theoretically secure multiple services, current restaking solutions are often limited in flexibility and are confined to a single asset or a narrow set of derivatives.
This limitation constrains the ecosystem and forces projects to make trade-offs that can undermine the utility and value of their native tokens.
The Solution: Why Not Utilize All The Assets?
MilkyWay offers a revolutionary solution to these challenges by providing a fully customizable and modular restaking layer that evolves to meet the specific needs of decentralized infrastructure protocols. At the core of MilkyWay’s design philosophy is the principle of securing freedom to build.
MilkyWay’s multi-asset support is a game-changer. Instead of being confined to a single collateral asset, AVSs can choose from a wide range of tokens to secure their networks including milkTIA, milkINIT, dTIA and even AVS’ native tokens at launch. This flexibility allows projects to retain the utility and value of their native tokens while integrating seamlessly with other assets, enhancing security without compromising autonomy.
One of the key advantages is that AVSs can gradually increase the portion of their security derived from their own tokens, even as they initially rely on external assets for restaking. This is particularly appealing to upcoming projects whose tokens currently lack a high enough fully diluted valuation (FDV) to secure the network independently. By allowing partial security from their tokens, MilkyWay makes it easier for these projects to introduce their tokens to users, fostering gradual adoption and reducing the risk of sudden sell pressure that could arise from a hard switch from rented security to full native token security.
Moreover, MilkyWay’s innovative parameter switching capability allows AVSs to transition smoothly from rented security to full autonomy as their token’s value grows. This gradual phasing out of external security ensures a stable environment, making it easier for projects to manage their token economics and maintain network integrity without worrying about sudden market disruptions.
MilkyWay’s platform is designed to be chain-agnostic, making it easier for stakers to participate across multiple networks and reducing the fragmentation of security resources. This includes ERC-20 assets and BTC via partnerships with Babylon, Symbiotic, etc.
Securing Freedom to Build: How MilkyWay Empowers Developers
As new features or challenges in regards to security emerge, MilkyWay’s restaking layer can be updated and extended to incorporate these changes, ensuring that developers and AVSs are always equipped with the latest innovations.
This flexibility not only enhances security but also allows projects to focus on what truly matters: developing and scaling their applications.
Conclusion: Your Project, Your Choice
MilkyWay is redefining what it means to build securely and sustainably in the blockchain space. By offering a modular, customizable, and multi-asset restaking platform, MilkyWay empowers developers and AVSs to take control of their security models and maximize the utility of their assets. This approach not only solves the challenges of fragmented security and inefficient restaking models but also secures the freedom to build in an ever-evolving ecosystem.
