Liquidity stake protocol Drop completed a $4 million seed round of financing, led by CoinFund.

GateUser-6433627c · 2024-10-17T15:51:45+00:00

Cross-Chain Interaction Liquidity stake protocol Drop has completed a $4 million seed round of financing, led by CoinFund with participation from multiple institutions and individual angels. The funds will be used to strengthen Drop's mission and unlock new economic possibilities in Interchain.

GateUser-6433627c

2024-10-17 15:51:45

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On October 17th, Liquiditystakeprotocol completed a $4 million seed round of financing, led by CoinFund, with participation from CMS Holdings, Anagram, Interop Ventures, Cosmostation, and other institutions, as well as angel investors including Vasiliy Shapovalov, co-founder of Lido DAO, Mustafa Al-Bassam, co-founder of Celestia Labs, and CEO of Abacus Labs, and Jon Kol, core contributor of Hyperlane. Drop is a Liquiditystakeprotocol for Cross-Chain Interaction assets and a member of the Lido Finance alliance. The new funds will enhance Drop’s mission to unleash new economic possibilities in Interchain.

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