Lido Alliance launches Drop, a liquidity staking protocol. 10% of the total supply of DROP will be allocated to the staking reward pool

BlockBeats reported that on September 12, according to official news, the Lido Alliance announced the launch of Drop, a liquidity pledge protocol designed specifically for Interchain assets. Drop is built on Neutron and allows users to pledge their Interchain assets and receive dAssets in return. It currently supports ATOM liquidity pledge and plans to add support for TIA soon.

According to Drop's token economic model, it will allocate 10% (100 million) of liquidity pledge asset rewards to a dedicated pool. After the launch of the DROP token, the DROP DAO will decide how to use it, which may include allocating rewards to DROP pledgers or creating an insurance fund.