The liquidity pledge agreement Drop Protocol has completed a $4 million seed round financing, led by CoinFund
Oct 17, 2024 23:47:51
the liquid staking protocol Drop Protocol has completed a $4 million seed round financing, led by CoinFund, with participation from CMS Holdings, Anagram, Interop Ventures, Cosmostation, as well as angel investors including Lido DAO co-founder Vasiliy Shapovalov, Celestia Labs co-founder Mustafa Al-Bassam, and Abacus Labs CEO, Jon Kol, a core contributor of Hyperlane.
According to RootData, Drop is a cross-chain liquid staking protocol aimed at enhancing the economic viability of inter-chain economies by transforming stagnant, frozen resources into liquid opportunities.