Drop: Unlocking Liquidity on the Interchain
A
by Adam Campbell, Kamil Zawieja
Published on August 8, 2024
TL;DR;
- Drop Protocol: A cross-chain liquid staking solution for Cosmos SDK-based chains, that allows users to liquid stake on Cosmos SDK chains. Drop is launching with dATOM, a liquid represetation of staked ATOM.
- Liquid Staking with Drop: Users can mint dATOM by liquid staking idle ATOM, making their existing staked position liquid whilst retaining any rewards from staking.
- Validator Preferences : When stake with Drop on the Stake App, users can choose to spread their delegation amongst all Drop validators or to delegate to a specific validator. Specific validator staking is exclusive to stakingrewards.com.
- Droplets Program: Earn rewards and governance power through the Drop ecosystem by participating in liquid staking and using dAssets.
