ChainCatcher reported that the Lido Alliance has officially announced the launch of Drop, a liquidity pledge protocol designed for Interchain assets. Drop is built on Neutron and allows users to pledge their Interchain assets and receive dAssets in return. It currently supports ATOM liquidity pledge and plans to add support for TIA soon.

According to Drop's token economic model, it will allocate 10% (100 million) of liquidity pledge asset rewards to a dedicated pool. After the launch of the DROP token, the DROP DAO will decide how to use it, which may include allocating rewards to DROP pledgers or creating an insurance fund.