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Introduction

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What is Drop, and how does it work?​

Drop is a liquid staking protocol for Interchain assets and a member of the Lido Alliance. Led by ex-Lido and P2P contributors, Drop is on a mission to strengthen the economic viability of sovereign blockchain economies by transforming stagnant, frozen capital into flowing streams of opportunity.

Built as an Integrated Application on Neutron, Drop’s smart contract architecture leverages the Inter-Blockchain Communication (IBC) protocol and Neutron’s Interchain Transactions (ICTX) and Interchain Queries (ICQ) modules, enabling the protocol to provide trust-minimized liquid staking services and scale with minimal additional overhead and risk. Drop’s architecture consists of CosmWasm contracts controlling the flow of assets between multiple blockchains using IBC, ICTX, and ICQ. Upon receipt of supported assets, the protocol mints liquid staking receipt tokens (called dAssets) using the Token Factory standard.

dAssets​

dAssets like dATOM and dNTRN are secure, liquid representations of staked ATOM and NTRN positions.

Traditional staking involves locking your assets with a validator for a period of time in exchange for staking rewards. While staking, you can’t transfer, sell, or use your assets. Liquid staking with Drop via dAssets allows you to:

  • Earn staking rewards without locking your assets
  • Deploy your staked assets in various applications for additional yield and benefits
  • Auto-compound your staking rewards
  • Exit your position at any time
  • Remain eligible for airdrops
  • Support the growth of your favorite ecosystems
  • Earn DROP tokens through the Droplet Program (Important note: DROP will not move forward with a TGE. Learn more →)

Get started liquid staking with Drop here, and visit the Drop FAQ for more frequently asked questions.