The Lido Alliance has launched the liquid staking protocol Drop, with 10% of the total supply of DROP allocated to the staking rewards pool
ChainCatcher news, according to official sources, the Lido Alliance has announced the launch of a liquid staking protocol called Drop, designed specifically for Interchain assets. Drop is built on Neutron and allows users to stake their Interchain assets and receive dAssets in return. Currently, it supports liquid staking for ATOM and plans to add support for TIA soon.According to Drop's tokenomics model, it will allocate 10% (100 million) of the liquid staking asset rewards to a dedicated pool, with the usage determined by the DROP DAO after the launch of the DROP token, which may include distributing rewards to DROP stakers or creating an insurance fund.