The Cosmos ecological liquidity staking protocol Drop has announced the cessation of operations, canceling the token issuance and airdrop

According to the official announcement, the Cosmos ecosystem liquidity staking protocol Drop has announced an orderly cessation of operations, which was launched in 2024.

Drop stated that, given the current direction of ecosystem development and broader market conditions, the protocol has been unable 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 plan will also be canceled. Drop is exploring the possibility of allocating protocol revenue to Droplets plan participants 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 receive support, and Drop is discussing the possibility of maintaining the operation of these two assets with potential partners.