Cosmos ecosystem liquid staking protocol Drop announces it will cease operations, cancel token issuance and airdrop

Jinse Finance reported, according to an official announcement, that the Cosmos ecosystem liquid staking protocol Drop has announced an orderly cessation of operations. The protocol was launched in 2024. Drop stated that, given the current direction of ecosystem development and broader market conditions, the protocol is no longer able to find a sustainable development path. At the same time, the issuance of the DROP token will not proceed, and the airdrop related to the Droplets program will also be canceled. Drop is exploring the possibility of distributing protocol revenue to participants in the Droplets program as a way to return value to contributors. In terms of asset management, dTIA and deINIT will begin to be gradually phased out, with withdrawal functions remaining open; dATOM and dNTRN will continue to be supported, and Drop is in discussions with potential partners about the possibility of keeping these two assets operational.