MilkyWay has completed the final protocol revenue distribution to the community

BlockBeats News, January 23rd, 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 TIA, INIT, and BABY token forms. The distribution was based on the final protocol snapshot, and eligible participants included MILK holders, MILK stakers, and liquidity providers. This distribution set a minimum threshold of 1 USDC, and addresses with distribution amounts below 1 USDC will not receive a distribution.

In a previous announcement, MilkyWay stated that it is gradually ceasing operations and will shut down permanently. MilkyWay mentioned that the demand for decentralized finance did not meet expectations, the WayCard was launched too late, and it failed to alleviate funding pressures in a timely manner.