TechFlow news, according to an official announcement, Drop Money, a liquid staking protocol supported by Lido, has launched deINIT LST for Initia. This LST represents INIT-USDC LP positions. Users can mint deINIT in two ways: deposit INIT, with 20% converted into USDC to create INIT/USDC LP; or stake INIT-USDC LP tokens to receive deINIT.
This LST is built on the Initia Enshrined Liquidity model, allowing users to earn returns from INIT staking, INIT-USDC trading fees, and Drops, while maintaining full liquidity. Additionally, it can be used across other parts of the Interwoven ecosystem.




