Description
Drop is a liquid staking protocol for Interchain assets and a member of the Lido Alliance. It provides liquidity for the Interchain, allowing users to earn auto-compounded staking rewards and additional DeFi yield. By staking with Drop, users receive dAssets – secure liquid staking assets that auto-compound staking rewards, can be sold when desired, and can be deployed across Drop ecosystem apps to earn additional yield. Led by ex-Lido and P2P contributors, Drop aims to strengthen the economic viability of sovereign blockchain economies. Built as an Integrated Application on Neutron, its smart contract architecture leverages the Inter-Blockchain Communication (IBC) protocol and Neutron’s Interchain Transactions (ICTX) and Interchain Queries (ICQ) modules to provide trust-minimized liquid staking services. The platform is widely integrated across DeFi applications and provides resources for developers to integrate Drop's liquid staking tokens into their own applications.