Lido Alliance Unveils Dynamic Staking Protocol 'Drop' Based on Neutron
Publication Time:2024-09-12 01:36:09
Recently, Lido Alliance announced the launch of a brand new dynamic staking protocol called 'Drop'. This protocol is based on the Neutron architecture and intends to provide easy liquidity for interchain assets. With the 'Drop' protocol, users can stake their held interchain assets and receive dAssets in return from the protocol. Currently, 'Drop' supports the dynamic staking of ATOM, with plans to expand further to assets like TIA and offer a wider range of staking options in the future. In the tokenomics model of 'Drop', 100 million tokens will be allocated to a dedicated reward pool, while the specific uses of the DROP token will be decided by the DROP DAO, potentially including rewarding stakers or establishing an insurance fund, enhancing the security and incentive mechanisms of the protocol.
Dynamic Staking
Interchain Assets
Neutron Protocol