Drop Protocol operates a liquid staking protocol for Interchain assets that lets users auto-compound staking rewards while retaining the ability to deploy assets into various dApps for additional yield and utility. The protocol issues DROP rewards, keeps users eligible for airdrops, and allows holders to exit positions at any time. Drop says its product drives asset inflows to Interchain dApps and increases economic activity on networks without sacrificing network security. The company is led by Mitya Argunov and is an inaugural member of the Lido Alliance. Since launch, Drop has attracted over 10,000 unique users and enabled roughly $20M of digital assets to be deployed across different dApps and DeFi opportunities. The firm intends to use the Seed funding to strengthen the economic viability of sovereign blockchain economies.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Oct 2024