Drop Protocol Raises $4M to Transform Interchain Assets with Liquid Staking, Enabling Users to Unlock Liquidity and Earn Rewards
With over 12,000 users and $20 million in DeFi, Drop dAssets automatically aggregate staking rewards, transforming static assets into productive assets.
Dropâs partnership with Lido Finance improves access to liquidity, while the launch of $dTIA aims to expand innovative staking opportunities.
Drop Protocol has raised $4 million in seed funding, a move that is set to further its mission of transforming static interchain assets into streams of opportunities. The funding round, led by CoinFund and supported by CMS Holdings, Anagram, and other key investors, marks a major milestone in Dropâs journey.
With over 12,000 users and $20 million deployed in DeFi opportunities, Dropâs liquid staking protocol continues to gain traction. As a member of the Lido Alliance, Drop benefits from strategic access to liquidity and distribution, positioning it ahead of its competitors.
Innovative Liquid Staking Solutions
Drop, a liquid staking protocol for Interchain assets, allows users to stake digital assets and receive dAssets in return. For example, staking ATOM results in dATOM, which automatically pools rewards and can be deployed for additional yield.
This mechanism, built on Neutron, is designed to transform previously stagnant assets into productive resources. Furthermore, Dropâs smart contract architecture is modular, ensuring security and adaptability across blockchain ecosystems.
Partnerships and future projects
The collaboration with Lido Finance provides Drop with technical insights and strategic support, enhancing its operations. Notable angel investors, including Vasiliy Shapovalov (Lido co-founder) and Mustafa Al-Bassam (Celestia co-founder), add credibility to the projectâs vision. Additionally, Drop is set to expand its liquid staking offerings with the upcoming launch of $dTIA and the inclusion of more assets in its portfolio.
Unlocking economic potential across the interchain
Dropâs mission is focused on unlocking the economic potential of sovereign blockchain economies. Unlike Ethereum, where approximately 30% of staked ETH is liquidity, the Interchain space has yet to catch up, with less than 2% of assets deployed. However, with Dropâs innovative solutions, Interchain users can unlock liquidity without compromising network security.
As Drop Protocol evolves, its impact on the Web3 ecosystem could be profound. As a result, Drop is driving the transition to more liquid and adaptable blockchain economies across the Interchain, pushing the industry toward a future where static assets are a thing of the past.
