TechFlow reports that on October 17, liquid staking protocol Drop completed a $4 million seed round led by CoinFund, with participation from institutional investors including CMS Holdings, Anagram, Interop Ventures, Cosmostation, as well as angel investors such as Vasiliy Shapovalov, co-founder of Lido DAO; Mustafa Al-Bassam, co-founder of Celestia Labs; and Jon Kol, CEO of Abacus Labs and core contributor to Hyperlane.
Drop is a liquid staking protocol for cross-chain assets and a member of the Lido Finance Syndicate. The new funding will advance Drop's mission to unlock new economic possibilities within the Interchain.
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