Drop Protocol, launched on Neutron, aims to strengthen sovereign blockchain economies by transforming stagnant, frozen assets into flowing streams of opportunity. Drop launched with support for liquid-staked ATOM via dATOM, with other liquid-staked tokens set to appear on their offering soon.
In just the first few months of its launch, Drop has attracted over 10,000 unique users and enabled $20M worth of digital assets to be deployed across different dApps and DeFi opportunities. As a member of the Lido Alliance, Drop enjoys access to distribution, liquidity, networking opportunities, and strategic and technical insights via Lido, positioning it ahead of other Interchain liquid staking providers.
Cosmos Hub, through the Atom Accelerator DAO, is proud to participate in Drop Protocol’s $4M seed funding round, investing $50,000 to enhance liquid staking opportunities for the interchain. This investment reflects our commitment to expanding DeFi opportunities within the AEZ.
Drop Protocol’s innovative approach to leveraging liquid staked assets provides essential infrastructure for the Cosmos ecosystem, enabling more efficient capital utilization across chains. By offering mechanisms to unlock the potential of staked assets, Drop is paving the way for a more robust and interconnected DeFi landscape, benefiting both users and builders.
With Drop, users can auto-compound staking rewards while retaining the ability to deploy their assets in various dApps for additional yield and benefits, earn DROP rewards, remain eligible for airdrops, support ecosystem growth, and exit their position at any time. As a result, Interchain dApps benefit from new users and asset inflow, while networks benefit from increased economic activity without sacrificing network security.
As a key player in the liquid staking ecosystem, Drop Protocol’s work aligns with our mission to drive value for ATOM and the Cosmos Hub. Through their efforts, we see new opportunities for the AEZ to position itself as a leader in decentralized finance, fostering greater adoption and economic activity across the interchain.
