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Lido Finance has published a proposal to onboard Drop, a liquid staking protocol for the Interchain, to the Lido Alliance. Drop is built as an Integrated Application on Neutron. The proposal aims to enhance the liquid staking space, which is expected to bring new competition for liquidity, particularly for ApolloDAO. Described as the 'spiritual successor of the Lido for the Interchain vision,' Drop's integration is highly anticipated. Additionally, a proposal in the Lido Finance forum suggests expanding the Simple DVT Module to ensure a more neutral and trustless staking environment by enabling DV clusters with more node operators and increasing the max target share of the module to 4%.
when @zmanian and I were first working on the liquid staking module our goal was to bring top tier LST providers like Lido to Cosmos. we’ve come a long way and it’s very cool to see Drop now closing that chapter. https://t.co/Xsf38FKbgx
a new wave of liquidity for the interchain 💧 @dropdotmoney is building a future of liquid, productive assets to support compelling new internet products and services Drop will be built on @Neutron_org with support from @LidoFinance learn more ↓ https://t.co/Ivw68TlvWu
Quietly and then all at once ✴️, @Neutron_org will have the most interesting Defi in all of cosmos, leveraging the interchain vision, brought by some of the most battle tested apps, & housed in one easy to use UX. Welcome, @dropdotmoney 💧 https://t.co/8dF4ZxfjTM https://t.co/iyPPgMau6S