Liquidity staking protocol Drop completes $4 million seed round, led by CoinFund

BlockBeats news, on October 17, the liquidity pledge agreement Drop completed a $4 million seed round of financing, led by CoinFund, CMS Holdings, Anagram, Interop Ventures, Cosmostation and other institutions, as well as Lido DAO co-founder Vasiliy Shapovalov, Celestia Labs co-founder Mustafa Al-Bassam and Abacus Labs CEO, Hyperlane core contributor Jon Kol and other angel investors.

Drop is a liquidity pledge agreement for cross-chain assets and a member of the Lido Finance Alliance. The new funds will enhance Drop's mission and unlock new economic possibilities in Interchain.