MilkyWay has completed the final protocol revenue distribution to the community

MilkyWay has completed the final protocol revenue distribution to the community, distributing a total of 92,708 USDC. This amount was converted from fees collected in the form of TIA, INIT, and BABY tokens. The distribution is based on the final protocol snapshot, and eligible participants include: MILK holders, MILK stakers, and liquidity providers. A minimum threshold of 1 USDC has been set for this distribution, and addresses with a distribution amount below 1 USDC will not receive any allocation.

According to previous news from ChainCatcher, MilkyWay announced that it is gradually ceasing operations and will permanently shut down. MilkyWay stated that the demand and adoption of decentralized finance did not meet expectations, and WayCard was launched too late to alleviate the financial pressure in a timely manner.