MilkyWay completes final profit distribution: 92,708 USDC benefits the community, the project announces permanent closure

GasWrangler · 2026-01-23T03:40:11+00:00

MilkyWay completed its final protocol revenue distribution, issuing a total of 92,708 USDC to MILK token holders, stakers, and liquidity providers. The project announced it will cease operations due to market demand and expectations not meeting, as well as financial pressure, reflecting the intense competition in DeFi.

GasWrangler

2026-01-23 03:40:11

Abstract generation in progress

【Crypto World】MilkyWay has just completed the final community protocol revenue distribution, totaling 92,708 USDC. This fund comes from fees previously collected in TIA, INIT, and BABY tokens, which were converted and distributed to eligible community members.

The distribution covers three types of participants: MILK token holders, MILK stakers, and liquidity providers. However, it is important to note that the project set a minimum distribution threshold of 1 USDC—addresses with less than this amount are temporarily ineligible for this distribution.

It is also noteworthy that MilkyWay announced it is gradually ceasing operations and will permanently shut down the platform. The project team stated that there is a significant gap between the actual demand in the decentralized finance market and the expected adoption rate. Additionally, the late launch of the WayCard product failed to effectively alleviate financial pressure, ultimately making it difficult for the project to continue. This also reflects the intense competition in the DeFi space and the real challenges faced by projects today.

MILK4.71%

USDC0.03%

TIA0.62%

INIT7.99%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
3
Repost
Share

Comment

0/400

MissedAirdropBro

· 01-23 04:10

Another project has run away, but this time they at least showed some conscience and distributed the funds. That 1 USDC threshold is really incredible; how many people can't even get 1 dollar... --- MilkyWay talks about market deviation, but ultimately it's because the product wasn't well done. WayCard launching half a year late, it's already beyond saving—this is a common problem with Web3 projects. --- 92708 USDC sounds like a lot, but how much can the community really get if split evenly? Feels a bit like ingratitude. --- Permanent closure? Can I still withdraw the MILK I staked before? That's the real issue. --- I've heard this line about insufficient demand in the DeFi market so many times—what I really want to say is user loss and the breakdown of the funding chain. --- They were still distributing funds quite actively before shutting down—are they trying to leave a good reputation?

View OriginalReply0

MetamaskMechanic

· 01-23 04:09

Another project has died, but at least there is still distribution, which is more conscience than those who just run away. --- 92708USDC sounds like a lot, but how many shares can each person get after splitting? Haha --- The excuse that WayCard product launched late is a bit weak. Honestly, it's still the business model that hasn't been figured out, right? --- Really speechless, how many such projects are there in the DeFi ecosystem? --- At least they returned the fees to the community, which is somewhat honest. --- The 1USDC threshold seems moderate, but in the end, a bunch of small accounts are still filtered out. --- Permanently closed? This term is used with such despair.

View OriginalReply0

GateUser-26d7f434

· 01-23 04:09

Another project heading towards the end... Where is the promised future of DeFi? The distribution threshold this time is a bit off-putting; those below 1 USDC can't participate. It feels like the final blow to elite-focused profit-taking. WayCard's late push is indeed a fatal flaw; sometimes timing really can make all the difference. 92708 USDC sounds like a lot, but how much can each person actually get? Let's not ask this question for now. Yet another community-focused final distribution... I've heard this phrase too many times.

View OriginalReply0