Lido Alliance Launches Liquid Staking Protocol Drop, 10% of DROP Total Supply Allocated to Staking Rewards Pool
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September 11, 2024
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English Translation:
ChainCatcher News: According to an official announcement, the Lido Alliance has launched Drop, a liquid staking protocol designed for Interchain assets. Built on Neutron, Drop allows users to stake their Interchain assets and receive dAssets in return. Currently, it supports liquid staking for ATOM, with support for TIA planned for soon.
Drop's tokenomics model reveals a 10% (100 million) allocation of liquid staking asset rewards to a dedicated pool. Once the DROP token is launched, the DROP DAO will determine its usage, potentially including distributing rewards to DROP stakers or creating an insurance fund.
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