MilkyWay Protocol announces the initiation of liquidation and permanent shutdown. The project team openly admitted in the announcement that the demand for DeFi markets in the Celestia ecosystem has not exploded as expected, and the enthusiasm for the re-staking track has also cooled rapidly. Attempts at RWA and crypto card products (WayCard) have been constrained by the broader environment and funding cycle, and have yet to establish a sustainable business model. The protocol completed a snapshot on January 14, 2026, at 10:00 UTC, covering MILK token holders across multiple blockchains. This case reflects that, after the hype of Restaking has faded, many innovative DeFi projects face real pressures from market conditions and financing environments.