The Lido Alliance has announced the launch of Drop, a liquidity staking protocol designed specifically for Interchain assets. Built on Neutron, Drop allows users to pledge their Interchain assets and receive dAssets in return. It currently supports ATOM's liquidity staking and plans to add support for TIA soon.
In Drop's token economy model, 10% (100 million) of liquid staked assets are allocated to a dedicated pool, and the DROP DAO decides how to use the DROP token after it is launched, which may include distributing rewards to DROP stakers or creating an insurance fund.
Lido Alliance Launches Drop, a Liquidity Staking Protocol Built on Neutron
2024-09-11 17:36:49
Lido alliance announcement launch specialize interchain asset designdesk3cryptocurrencydesktopCrypto News
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