MilkyWay Protocol Announces Gradual Shutdown and Permanent Closure

KuCoinFlash

Release Time:01/15/2026 12:17:21

USDC

$1.0010.03%

Summary

MilkyWay Protocol announced a protocol update on January 15, 2026, confirming a gradual shutdown and permanent closure. The project cited low demand and adoption in decentralized finance, along with the delayed launch of WayCard, as key factors. Revenue from liquidity staking fees, with 10% retained by the protocol, will be returned to MILK token holders via a proportional USDC distribution to eligible snapshot holders. This token launch news marks the end of operations for the project.

BlockBeats news: On January 15, MilkyWay Protocol announced that it is gradually ceasing operations and will be permanently shut down. MilkyWay stated that the demand for and adoption of decentralized finance did not meet expectations, and the launch of WayCard came too late to alleviate financial pressures in a timely manner.

MilkyWay's revenue primarily comes from liquidity staking fees, with the protocol retaining 10% of these fees. As part of the winding-down process, the earned protocol fees will be returned to MILK token holders by proportionally distributing USDC to eligible snapshot holders.

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