How to do your MilkyWay (MILK) taxes with Koinly
MilkyWay is a staking and restaking protocol within the Cosmos ecosystem, designed to popularize staking on Babylon, Celestia, and Initia.
If you're staking with MilkyWay, you likely have a tax bill. Koinly can calculate MilkyWay crypto taxes with just your transaction history. Here's how.
FAQs
What is MilkyWay (MILK)?
MilkyWay is a liquid staking solution for modular blockchains within the Cosmos ecosystem. Its primary purpose is to popularize staking and restaking on Celestia, Initia, and Babylon for TIA, INIT, and BABY. Users earn yield by securing the blockchains. The native token, $MILK, is used for staking, network governance, and liquidity incentives.
Does MilkyWay (MILK) provide tax documents?
No, MilkyWay doesn't provide tax documents. To calculate your crypto gains, losses, and income, sync your MilkyWay data to Koinly, and it will do the calculations for you and provide complete tax reports.
