Drop Protocol Secures $4 Million In Seed Funding

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Drop Protocol's seed funding round, led by CoinFund, positions the liquidity staking protocol for future growth and innovation in the DeFi space.

According to Foresight News, liquidity staking protocol Drop Protocol has successfully raised $4 million in a seed funding round. The round was led by CoinFund, with participation from CMS Holdings, Anagram, Interop Ventures, and Cosmostation. Notable angel investors included Lido DAO co-founder Vasiliy Shapovalov, Celestia Labs co-founder Mustafa Al-Bassam, and Abacus Labs CEO and Hyperlane core contributor Jon Kol.

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