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Drop
Drop is a liquid staking protocol for Interchain assets. It allows users to earn staking rewards without locking their assets, deploy staked assets in various applications for additional yield, and auto-compound rewards. The protocol issues liquid staking receipt tokens called dAssets (e.g., dATOM, dTIA) for supported assets.
Distributed
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.Grant Funding
VC Funding
None
2024
$0
$4M