According to Foresight News, the liquidity staking agreement Drop Protocol completed a $4 million seed round of financing led by CoinFund.

Institutions such as CMS Holdings, Anagram, Interop Ventures, Cosmostation, as well as angel investors such as Lido DAO co-founder Vasiliy Shapovalov, Celestia Labs co-founder Mustafa Al-Bassam, and Abacus Labs CEO and Hyperlane core contributor Jon Kol participated in the investment.