Drop, the liquid staking protocol within the Cosmos ecosystem, will gradually cease operations.
TL;DR
Drop, a Cosmos liquid staking protocol, is ceasing operations due to unsustainable market conditions. DROP token issuance and airdrops are cancelled, while dATOM and dNTRN may continue with partners.
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Foresight News , Drop, the Cosmos ecosystem liquid staking protocol, will gradually cease operations. The official statement indicates that given the current direction of the ecosystem and broader market conditions, the protocol has found no sustainable development path. Simultaneously, the issuance of DROP tokens will not proceed, and airdrops related to the Droplets program will be cancelled. dTIA and deINIT will begin to be gradually delisted, while withdrawal functionality will remain open; dATOM and dNTRN will continue to receive support, and Drop is discussing the possibility of keeping these two assets operational with potential partners. Specific plans regarding the distribution of protocol revenue to Droplets program participants will be released after finalization.