0. Proposer Info
- Email :
admin@milkyway.zone - Proposer’s Project Name :
MilkyWay - Proposer’s Project URL :
https://www.milkyway.zone/ - Proposer’s X (Twitter) Account :
https://x.com/milky_way_zone
1. TL;DR
This proposal requests the whitelisting of MilkyWay to Initia’s VIP (Vested Interest Program).
2. Background
2-1 About the Project
- Protocol Name :
MilkyWay - Protocol Blurb:
MilkyWay is the first and largest modular liquid staking provider. Start with One Stake. Make Infinite Impact - Protocol Type :
Liquid Staking - Docs :
https://docs.milkyway.zone/ - Audits :
https://docs.milkyway.zone/security/audits
3. Rationale & Impact
- Motivation and benefit to the Interwoven Economy :
- MilkyWay is the LST layer for Initia. Users can liquid stake their INIT with us, helping secure the L1 while staying liquid, earning staking rewards, and generating additional DeFi yield on top. It lets them do more with their assets across the Interwoven Economy.
- milkINIT will be integrated across all major DeFi primitives including DEXs, lending markets, and perpetuals, making it a core building block of Initia DeFi. This bootstraps liquidity, drives user activity, and helps grow the ecosystem from the ground up.
- Being whitelisted to VIP takes this to the next level. It enables higher rewards for users, deeper liquidity for milkINIT, and closer alignment with Initia’s long-term vision. We’re already building infrastructure that powers the ecosystem, and VIP support helps us scale that impact.
- VIP Scoring Criteria (Details)
- We’re allocating VIP scores based on user actions that actively support milkINIT adoption and DeFi activity within the Initia ecosystem. Initially users can earn scores through both holding and LPing milkINIT simultaneously.
Scoring Criteria:
- Holding milkINIT
- Applies to users holding milkINIT either on the MilkyWay interwoven rollup or Initia L1.
→ Earn 1 score per milkINIT per day
Formula:
Holding Score = milkINIT_balance × days_held
Example Calculation:
- If a user holds 100 milkINIT for a day, they earn:
• Holding: 100 × 1 = 100 score
Total per day = 100 VIP score
Scores are calculated daily and snapshots are taken on random times.
VIP rewards will be distributed proportionally based on these scores.
4. Proposal Details
| Field | Value | Description |
|---|---|---|
| Operator Address | init1sf7cyfqyw2dsyhh2sgp0jjr3tjr5q4jfmsgex9 |
The address eligible to claim a portion of the VIP rewards allocated to the rollup team as commission. This address does not need to be a system key (like admin or bridge executor). |
| Bridge ID | 13 |
An identifier automatically generated during the setup of the bridge between the Rollup and Initia. |
| Bridge Address | init1wul4rtjagr0cnrqey4ewl98j3v2uthapeh6q0vfns35d35l8qamsfc9gxu |
The L1 address where tokens are locked when bridging from L1 to L2. This address is auto-generated during bridge setup. |
| Scoring Contract Address | init1mf6ptkssddfmxvhdx0ech0k03ktp6kf9yk59renau2gvht3nq2gqlyqylw |
The contract deployed on the rollup that assigns VIP scores to users. These scores are snapshotted on L1 and used to build a Merkle tree for VIP reward distribution. |
| Operator Commission Max Rate | 0.2 |
The maximum commission rate the rollup can configure. |
| Operator Commission Max Change | 0.2 |
The maximum allowed change in the commission rate per update. For example, if OCR is 0.3 and OCMC is 0.2, OCR can only be adjusted between 0.1 and 0.5. |
| Operator Commission Rate | 0.1 |
The actual commission rate. If 100 INIT is distributed and OCR is 0.2, the rollup team receives 20 INIT. |
| VM | MiniWasm | The VM type of the rollup is using. |
Governance Votes
- YES – You support whitelisting this rollup on VIP with the parameters provided.
- NO – You do not support adding this rollup on VIP.
- NO WITH VETO – You believe this proposal is harmful, spam, or violates governance principles.
- ABSTAIN – You choose not to vote for or against but wish your vote to count toward quorum.
