Lido's 'Drop' Protocol Unveils Liquid Staking for ATOM, TIA
CryptoNewsTerminal Staff11 Sep, 2024
Lido's 'Drop' Protocol Unveils Liquid Staking for ATOM, TIA
Lido Introduces 'Drop' Liquid Staking Protocol Cryptocurrency staking platform Lido (LDO) has launched its much-anticipated liquid staking protocol, 'Drop,' via an official blog post. Powered by the Neutron Network, a Cosmos ecosystem CosmWasm platform, 'Drop' allows users to stake interchain assets and receive dAssets in return, representing their staked positions. Currently supporting Cosmos (ATOM) staking, the platform is set to expand to include modular blockchain project Celestia (TIA) in the future. Additionally, the announcement hints at plans for a token generation event (TGE) for future staking participants. This move by Lido marks a significant step forward in the realm of liquid staking, enabling users to maintain flexibility and minimize the risks associated with traditional staking.
