deINIT fixes this.

deINIT is built for full capital efficiency. It seamlessly tokenizes a staked LP position on Initia’s L1 DEX, compounding both trading fees and staking rewards into a single, yield-generating position.

Based on the INIT-USDC pool (80% INIT, 20% USDC), deINIT serves as a key liquidity anchor, reinforcing INIT’s stability and accessibility across the ecosystem. By utilizing Initia’s Enshrined Liquidity model, deINIT merges staking and liquidity into an actively compounding asset that strengthens both network security and DeFi participation.

Supercharge returns with dual yield

Liquid staking unlocks staked assets for DeFi, deINIT transforms them into a self-sustaining liquidity engine. Every INIT deposited is converted into a yield-generating LP position, compounding both staking rewards and DEX incentives.

This combination of staking APY and trading fees enhances yield potential beyond existing LST designs. With auto-compounding, rewards are continuously reinvested, maximizing long-term growth with no manual intervention.

Instead of remaining idle in a staking contract, deINIT actively reinforces the ecosystem it secures.

Fixing inefficiencies in liquid staking

Traditional LSTs separate staking from liquidity provision, creating limitations:

• Most DEX pools only allow one asset to be an LST, leaving half the position unstaked and unproductive.

• This limits staking rewards and requires additional incentives for LPs to remain competitive.

• As a result, LST adoption slows, and liquidity bootstrapping becomes challenging.

delINIT reverses the model by prioritizing liquidity provision before staking. This ensures 100% of the position earns staking rewards while LPing is directly incentivized. The result is more efficient capital deployment, better rewards, and a stronger DeFi foundation.

Unlock full capital efficiency

deINIT integrates staking and liquidity into a single, productive position. Users can mint deINIT in two ways:

• Single-asset staking: INIT is deposited, and 20% of the position is converted into USDC, forming an INIT/USDC LP position that earns both staking rewards and liquidity incentives.

• LP staking: Users who already hold INIT-USDC LP tokens can stake them directly to receive deINIT.

The 20% USDC conversion ensures optimal liquidity provisioning while maintaining strong INIT exposure. This balanced mechanism maximizes both capital efficiency and yield potential.

Liquid staking, redefined

Drop structured dAssets around the belief that capital should never be idle. deINIT is the first step toward a fully integrated capital system, where staking and liquidity operate as a seamless, reinforcing mechanism.

Staked assets are fueling liquidity, strengthening the ecosystems they support, and compounding their impact.

This is liquid staking without inefficiencies. Every token is maximized. Every position reinforces the system.

Testnet is live — try it now

The deINIT testnet is now open, bringing the next generation of liquid staking to Initia. Participate early to:

• Be among the first to engage with Enshrined Liquidity.

• Provide feedback to refine deINIT before mainnet.

• Stress-test the system under real conditions.

• Contribute to a stronger, more capital-efficient DeFi ecosystem.

How to join:

1. Get your testnet tokens via the Initia Testnet Faucet

2. Go to deINIT testnet

3. Connect your wallet

4. Add Initia testnet

5. LFG!

New to testnet? Check out this step-by-step guide.

Participants will be rewarded for their contributions.

Join the Drop community

Join the conversation on Telegram and Discord to stay updated on Drop’s latest developments.

• Follow Drop on Twitter/X

• Visit the Drop website

• View Drop’s GitHub

• Check out Drop’s FAQ

• Phase Two is live, another 5% of DROP supply will be distributed to Phase Two participants.

• 5% boost on daily Droplets for all Phase One participants throughout Phase Two.

• Time-limited boosts for top contributors from Phase One.

• Newcomer bonus: 5% boost for new participants during their first 30 days.

• Phase Two will unlock the full potential of novel LST designs before TGE. Two new dAssets with evolved mechanics will launch.

A new era begins

Phase Two of the Droplets Program is live, bringing fresh incentives, a new layer of engagement, and bigger momentum toward TGE. Phase One built the foundation. Phase Two is where things accelerate.

During Phase One, the Drop community drove liquidity and staking activity at scale, securing 10% of the total DROP supply. These earned Droplets are locked in and will convert into DROP at TGE. Phase Two opens the door to new dAssets, optimized capital efficiency, and an evolving ecosystem designed for long-term growth.

Missed the Phase One wrap up? Check it out before diving into what’s next.

What’s new in Phase Two?

Phase Two of the Droplets Program introduces new ways to participate and earn. An additional 5% of the DROP supply will be airdropped to Phase Two participants.

This phase also introduces Drop Badges, recognizing top contributors with time-limited earning boosts, and expands existing reward mechanics to include new participation incentives. More NFT collections will also be added to the booster program.

All Phase One participants automatically receives 5% boost on daily Droplets throughout Phase Two.

Boost your earnings with Drop Badges

Phase Two introduces Drop Badges, designed to recognize and reward those who contributed to shaping the protocol. These badges increase earning potential, providing boosters on rewards and priority access to incentives as Drop continues to expand.

All Phase One participants receive a Drop card that grants a 5% boost on daily Droplets throughout Phase Two.

In addition, those who made significant contributions will unlock exclusive badges that provide additional, time-limited boosts.

The card design varies based on contributions. Those who earned performance-based badges will see a different design reflecting their achievements.

These badges are awarded based on early adoption, DeFi engagement, and referral activity:

• Pioneer → Earned by all testnet participants with on-chain proof of early participation.

• Navigator → Awarded to high-activity users who interacted with the most unique DeFi protocols.

• Rain Maker → Given to top referrers based on the number of unique successful referrals.

Each badge provides a temporary 3% boost, and they can stack. These remain active until the next dAsset launch.

Check your ranking and earned badges at the Droplets page.

New to Drop? Get an extra boost

For those joining the ecosystem in Phase Two, the Newcomer Bonus gives a 5% boost on your daily Droplets for 30 days after your first stake.

All existing multipliers remain unchanged for now. Any updates will be communicated in advance.

Building toward TGE

Phase Two is focused on unlocking the full potential of novel LST designs before TGE.

One of Drop’s mandates as a member of the Lido Alliance was exploration of innovative LST designs. Phase Two pushes beyond conventional liquid staking, introducing mechanisms that rethink how staked assets interact with liquidity, capital efficiency, and on-chain economies.

At least two new dAssets will go live, introducing advanced mechanics designed to make staked capital more productive than ever. These next-generation LSTs go beyond simple staking rewards, optimizing yield generation and utility across DeFi.

More details will be announced soon — but what’s coming will challenge how LSTs have traditionally worked.

Check your progress & stay connected

Head to droplets.drop.money to check your Droplets, badges and ranking.

Check out the FAQ for questions, and join the Drop community on Telegram and Discord.

Legal Notice

By participating in the Droplets Program, or otherwise accessing or using Drop’s UI, you accept and agree to be bound and comply with the Droplets Program Terms and Conditions of Use, including Drop’s general Terms and Conditions.

• Phase One of the Droplets Program ends February 12, and all Droplet balances earned during Phase One are secured.

• 10% of the total DROP supply remains locked in for Phase One participants.

• Phase Two of the Droplets Program begins as Phase One ends, offering participants new dAssets, fresh incentives, and additional earning opportunities.

• Phase One participants will receive exclusive perks and multipliers in Phase Two.

• Drop’s TGE will occur after Phase Two, ensuring a high-impact launch for DROP.

• Two new dAssets are coming in Phase Two, strengthening Drop’s ecosystem before TGE.

Phase One: The foundation is set

Phase One of the Droplets Program has been a major step in establishing the Drop ecosystem. From the start, the Drop community has been liquid staking, earning and driving liquidity to the ecosystems they support.

We’ve built momentum, participation, and alignment with a committed base of contributors around the world who are shaping the future of Drop. With almost 3.5M $ATOM and 500K+ $TIA staked, Drop now holds the most DeFi liquidity across Interchain LSTs and the biggest lending market for dATOM on Mars.

As we move into the next stage, the foundation is rock solid, and all rewards earned by Phase One participants remain fully secured. No dilution, no changes, just more rewards, more opportunities, and even greater rewards for early adopters.

All Droplets accrued in Phase One are locked

The 10% of the DROP token supply allocated in Phase One remains fully secured for those who participated. Every single Droplet earned during this phase will be converted into DROP at the TGE (Token Generation Event). Phase One participants have set the tone for what’s next, and as we move forward, the benefits only get better.

The DROP TGE will occur after Phase Two

Drop’s TGE will happen at the strongest possible moment, ensuring a high-impact launch. Drop is expanding liquidity, increasing staking opportunities, and introducing new mechanics that will enhance engagement and strengthen the protocol.

Before TGE, two new dAssets will go live, introducing new mechanics and greater liquidity and growth for the ecosystems they support. These assets represent a new approach in the LST space, offering unique features that set them apart from existing designs.

Focusing on growth first ensures that when Drop’s TGE happens, it’s backed by an active, engaged market and positioned for long-term adoption.

Phase Two brings new rewards and more ways to earn

Phase Two kicks off on February 12th, bringing novel LST mechanics, fresh incentives, and additional earning opportunities. Phase One participants will receive exclusive perks and multipliers in Phase Two, and **new participants can step in and take part in Drop’s next growth phase.

An additional 5% of the DROP supply will be airdropped to Phase Two participants.

Phase Two will also introduce at least two new dAssets and new referral and participation mechanics, ensuring active community members continue earning and benefiting from the program.

Introducing Badges: Exclusive perks for early community members

Since inception, Drop has been a community-first ecosystem, built with the participation and contributions of its users. Phase Two introduces Drop Badges, a new system designed to recognize and reward those who have helped shape the protocol. More than just recognition, badges enhance earning potential, providing multipliers on rewards, priority access to incentives, and additional benefits as Drop continues to expand.

Badges will be awarded to everyone who participated in Phase One of the Droplets Program.

Stay up to date on what’s next

More details on Phase Two, including how badges work and the benefits, will be shared soon.

Follow the countdown and join the Drop community on Telegram and Discord.

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Legal Notice

By participating in the Droplets Program, or otherwise accessing or using Drop’s UI, you accept and agree to be bound and comply with the Droplets Program Terms and Conditions of Use, including Drop’s general Terms and Conditions.

Success for Drop comes down to four key elements: seamless scaling, cost efficiency, trust minimization and integration with an ecosystem that opens up more opportunities for liquid staking. Neutron delivers on every front.

Scaling shouldn’t be complicated

Neutron makes scaling simple. With Interchain Transactions (ICTX) and Interchain Queries (ICQ) — Neutron’s built-in tools for seamless cross-chain connectivity — Drop can connect to liquidity and activity across any IBC-connected chain with just one deployment. It’s a streamlined system that keeps complexity low while opening the door to massive opportunities.

Focus is everything

Beyond that, Neutron helps Drop stay focused. Running a standalone chain comes with heavy costs and constant distractions. Neutron eliminates that burden, allowing Drop to concentrate on building better products, scaling faster and driving meaningful impact for its community.

Onboarding new assets should be effortless

Onboarding new assets and networks is another place where Neutron stands out. As long as new assets are IBC-compatible, it’s a one-transaction process to integrate them on Drop. Tools like ICQs allow Drop to automatically retrieve key on-chain metrics like uptime and governance participation in a trust-minimized way — capabilities that are part of Drop’s roadmap to streamline validator set management and free up resources for curating excellent validators. Neutron’s seamless infrastructure also enables Drop to prioritize a user-friendly experience, eliminating the need to bridge assets manually and allowing staking from any destination.

DeFi thrives on integration

And then there’s the DeFi ecosystem. Neutron’s network is home to platforms like Mars, Astroport and Duality, where Drop’s smart contracts live alongside some of the most exciting applications out there. With synchronous composability, these contracts can interact seamlessly with others, unlocking new dAsset use cases, better yields and more flexibility for users.

Smart scaling + minimal complexity = endless opportunities

For Drop, building on Neutron isn’t just about infrastructure. It’s about scaling smarter, minimizing complexity and creating opportunities that redefine what liquid staking can do. Neutron is enabling smarter tools that empower protocols like Drop to deliver capital-efficient, liquid yield-bearing assets.

Neutron is where it’s happening, and Drop is here to build 💧

Drop is now live on mainnet. Securely liquid stake ATOM with Drop to:

• Earn staking rewards without locking your assets

• Deploy your staked assets in various applications for additional yield and benefits

• Auto-compound your staking rewards

• Exit your position at any time

• Remain eligible for airdrops

• Support the growth of your favorite ecosystems

Drop is currently invite-only, so grab a Drop referral link from the Drop community on Telegram or on Twitter/X and head over to app.drop.money to get started💧

Summary

• Liquid stake ATOM using funds from your Leap, Keplr, or Cosmostation wallet

• Receive dATOM when liquid staking, a tokenized version of your staked ATOM position. Staking rewards are compounded, meaning that dATOM can be redeemed for more ATOM over time

• Earn a share of a 100M DROP airdrop through the Droplet Program by holding dATOM

• Multiply your airdrop using dATOM in DeFi, and earn bonus Droplets by referring friends

• When liquid staking with Drop, your assets are distributed across a proven set of Cosmos Hub validators to minimize slashing and downtime risks

What is Drop?

The Interchain — a network of blockchains connected via IBC — has experienced tremendous growth, but billions of dollars remain locked and unusable due to traditional staking. Such capital constraints — combined with high staking APRs — impede ecosystem growth and force users to choose between securing the network or putting their assets to work. With so much capital locked away, ecosystems face an increased risk of failure due to little economic traction.

Drop is on a mission to strengthen the economic viability of sovereign blockchains by transforming stagnant, frozen capital into flowing streams of opportunity. Built on Neutron and led by ex-Lido and P2P contributors, Drop is a liquid staking protocol for Interchain assets and a member of the Lido Alliance. With Drop, you can convert staked positions of any size to dAssets, enabling you to earn auto-compounded staking rewards while maintaining the flexibility to:

• Use your staked assets in various applications for additional yield and benefits

• Exit your staking position at any time

• Remain eligible for airdrops

• Support the growth of your favorite ecosystems

How to Liquid Stake ATOM with Drop

Launched in 2019, ATOM is one of the largest and most decentralized crypto assets, currently standing at #42 on Coingecko with over $2B in market cap. This guide walks through how to liquid stake ATOM for dATOM.

💡 Visit app.neutron.org/bridge to swap almost any asset on any chain for ATOM on Cosmos Hub.

Step 1: Visit app.drop.money, enter a referral link (you can grab one from the Drop community on Telegram or on Twitter/X), and connect your wallet.

Important Note: Drop can only guarantee that users will receive Droplets and a DROP airdrop if they access the protocol using a referral link.

Step 2: Click Stake and enter the amount of ATOM you’d like to liquid stake for dATOM.

Converting Staked ATOM to dATOM: Soon, existing ATOM stakers on Cosmos Hub will have the opportunity to convert staked ATOM positions of any size to dATOM with zero unstaking period. To do so, your ATOM must be staked with a Drop Validator:

• 0basevc

• 01node

• Binary Builders AG

• Chorus One

• Citadel.one

• Cosmostation

• Enigma

• Everstake

• Golden Ratio

• High Stakes Switzerland

• Imperator

• Iqlusion

• Kahuna

• Keplr

• Lavender.Five Nodes

• Meria

• NodeStake

• P2P Staking

• Polkachu

• POSTHUMAN

• Pro Delegators

• Provalidator

• Pryzm

• SG-1

• Simply Staking

• Stakecito Labs

• StakeLab

• Stakely

• Stakin

• Swiss Staking AG

If you aren’t currently staked with one of these validators, consider redelegating your ATOM to one of them to take advantage of this feature once it goes live.

Step 3: Click Confirm and sign the transaction in your wallet. If your ATOM isn’t already on the correct chain for liquid staking, Drop will ask you to sign a second transaction in your wallet to complete the process.

And that’s it!

You now hold dATOM in your wallet and are earning DROP tokens through the Droplets Program. Visit droplets.drop.money to explore DROP multiplier and bonus opportunities and earn additional DeFi rewards and benefits. You can also track the Droplets you’ve earned through liquid staking, using dAssets, and referring friends — Droplet totals will update daily.

💡 For questions related to Drop, join the Drop community Telegram.

Looking Ahead

dATOM is live on Neutron mainnet, and the first Epoch of the Droplet Program is now underway.

Multiply your Droplets on droplets.drop.money by:

• Providing liquidity on Astroport pools — 5–50x multiplier + potential trading fees and incentives: dATOM/NTRN (50x multiplier); dATOM/USDC (50x multiplier); dATOM/ATOM (5x multiplier)

• Providing liquidity on Levana perpetual markets — 5–50x multiplier + potential trading fees: dATOM xLP (50x multiplier); dATOM LP (5x multiplier)

• (Coming later in Epoch One) Depositing Astroport LP positions into Apollo auto-compounding vaults — 5–50x multiplier: dATOM/NTRN (50x multiplier); dATOM/USDC (50x multiplier); dATOM/ATOM (5x multiplier)

This is only the beginning. If you’ve been following Drop’s Twitter feed, you’ll know that new dAssets and an array of dAsset use cases — dTIA, self-repaying loans, lending, delta-neutral and leveraged strategies, and much more — are coming soon.

Keep an eye out for announcements of future Epochs with new opportunities from @dropdotmoney on Twitter/X, and happy staking!

The Droplets Program aims to:

• Coordinate market participants to maximize the economic welfare of the Interchain

• Measure the value of a participant’s contribution to the protocol’s success

100,000,000 DROP tokens — the governance token of Drop Protocol — will be distributed to Droplets Program participants. Users can earn Droplets by liquid staking, using dAssets in ecosystem applications, and referring friends. When the program ends, Droplets holders will receive Drop tokens and become the first members of the Drop DAO.

The Drop community will play a pivotal role in the long-term success of the protocol and the networks it supports. As Drop decentralizes, Droplets will be used to ensure that the most long-term aligned community members lead the DAO and receive the highest rewards. DAO members will control how the protocol functions (e.g., design changes, assets supported, etc.) and how the Drop Treasury is managed.

The Droplets Program will kick off the day Drop launches. Let’s dive into how to earn Droplets, how the program and airdrop are structured, who is eligible to participate, and how to track your progress and explore opportunities once Drop goes live…

How to Earn Droplets💧

By design, the Droplets Program is simple to follow and easy to participate in. There are three ways to earn Droplets:

1. Liquid Stake with Drop: Stake assets like ATOM and TIA to receive dAssets. Earn 1 Droplet per day for each dollar of dAssets you hold. dAssets are secure, liquid versions of staked positions, enabling users to earn auto-compounded staking rewards, exit their position without waiting weeks to unstake, and deploy their assets across DeFi to earn additional yield. Important note: Daily Droplets earned are based on the value of the asset on that day, not when the asset was first liquid staked.

2. Use dAssets in the Drop Ecosystem: Multiply the Droplets you earn and generate additional DeFi rewards by using your dAssets in Drop ecosystem apps. Example: John deploys $10 of dATOM/ATOM liquidity into Astroport with a 5x multiplier for ten days, earning 500 Droplets plus any DeFi yield the DEX provides. This is 400 more than the 100 Droplets he’d gain by holding dATOM for 10 days.

3. Refer Friends: Generate a unique referral code at droplets.drop.money (once it goes live), share your referral code with others, and earn 25% of the Droplets your referrals earn, plus 12.5% of the Droplets anyone your referral refers! These are bonuses and do not subtract from their earnings. Example: You refer Bob and he earns 100 Droplets. Bob refers Tina, who also earns 100 Droplets. You earn 25 Droplets from Bob and 12.5 Droplets from Tina. These are bonus Droplets and do not subtract from their earnings — Bob and Tina both still earn 100 Droplets each.

Collaborating with ecosystem partners to create flywheels that unlock frozen capital within the Interchain is central to Drop’s mission. As such, program participants who use their dAssets in Drop ecosystem apps will earn more Droplets through generous multipliers compared to those who only liquid stake.

Program Structure

The Droplets Program is divided into Epochs, which are roughly 1–4 weeks long. Each Epoch introduces new opportunities to earn Droplets, which are additive, meaning Droplets are not reset between Epochs.

Rules and guidelines for new Epochs will not retroactively impact Droplets earned in previous Epochs, and new protocols and integrations can be introduced within Epochs.

Epoch One

The Droplets Program will last six months or until the DROP Token Generation Event (TGE) (whichever is sooner). Epoch One will begin on Drop’s launch day, with a focus on bootstrapping initial liquidity to support future DeFi use cases.

Multiply the Droplets you earn on your dAssets by:

• Providing liquidity on Astroport pools — 5–50x multiplier + potential trading fees and incentives: dATOM / NTRN (50x multiplier); dATOM / USDC (50x multiplier); dATOM / ATOM (5x multiplier)

• Depositing Astroport LP positions into Apollo auto-compounding vaults — 5–50x multiplier: dATOM / NTRN (50x multiplier); dATOM / USDC (50x multiplier); dATOM / ATOM (5x multiplier)

• Providing liquidity on Levana perpetual markets — 5–50x multiplier + potential trading fees: dATOM xLP (50x multiplier); dATOM LP (5x multiplier)

More opportunities will be available later during the first Epoch.

For chains and apps interested in participating in future Epochs to attract new users and capital, please reach out via DM on Twitter/X @dropdotmoney.

Airdrop Details

The Droplets Program is open to participants worldwide, outside of residents of the United States and other restricted areas. For a list of prohibited jurisdictions, please see Drop’s Terms and Conditions.

Participants in the Droplet Program will receive a DROP airdrop designed to kickstart DAO governance. The airdrop is geared toward long-term and power users of the protocol rather than airdrop farmers. Smaller Droplets holders will receive their full airdrop immediately upon distribution, while up to 50% of larger airdrops will vest linearly over six months. Tokens that are locked will retain full voting power in the Drop DAO while vesting, and the liquid portion of the airdrop will be transferable immediately upon receipt.

100,000,000 DROP (10% of the total token supply) will be distributed to Droplet holders as part of Droplets Program. All dAssets, including dATOM, dTIA, and any future dAssets listed on Drop, are eligible to receive Droplets from the day they launch. dATOM will be the first supported asset, with dTIA coming soon.

Track Your Progress & Explore Opportunities

The Droplets Program represents an exciting opportunity for those interested in getting involved in the Drop community early. The first Epoch will kick off on protocol launch day, so keep your eyes peeled for announcements.

Once things get rolling, users can visit droplets.drop.money to liquid stake, explore opportunities across the ecosystem, and track their Droplets in real-time.

Stay tuned, and happy earning!