Drop-protocol-aadao
Amount Invested: $50,000
Status: In Progress

Drop Protocol

Drop Protocol, launched on Neutron and a proud member of the Lido Alliance, is on a mission to strengthen sovereign blockchain economies by transforming stagnant, frozen assets into flowing streams of opportunity.

With Drop currently supporting liquid stake ATOM via dATOM, as well as supporting other key players in the AEZ, Cosmos Hub’s Venture arm, deployed through AADAO, is proud to take part in their $4M in seed funding, having invested $50,000 USDC towards this protocol’s efforts in enhancing liquid staking for the interchain. This investment strengthens our commitment to expand DeFi opportunities in the AEZ

About Drop Protocol
Visit their Twitter profile Visit their website

Drop Protocol is on a mission to strengthen sovereign blockchain economies by transforming stagnant, frozen assets into flowing streams of opportunity.

Current Status: In Progress
Funding Program: Ventures

Amount Invested: $50,000
Amount Paid: $50,000 (100%)

Terms Drafted: Date when we first drafted high-level terms. By this point, we would have completed some due diligence on this project. We consider this to be the 'Date Applied' for Venture Investments May 23, 2024
Date Signed: Date when the investment agreement was finalized and signed, after completing the requisite due diligence. Oct 18, 2024 (21 weeks)
Fully Vested (estimated): The date when we expect our tokens/equity to be fully vested. The date displayed here may not neccesarily be correct. Dec 31, 2025

Payments Made: View the DAO DAO prop on our Grants Wallet or Mintscan of the transaction $10 (Nov'24) $49,990 (Nov'24)

Latest Approved Funding

Cosmos Hub Security Audit – LSM
In Progress

Cosmos Hub Security Audit – LSM

Team: Zellic
Approved: Oct 21, 2024
Amount: $51,000
Drop Protocol
In Progress

Drop Protocol

Team: Drop Protocol
Agreed: Oct 18, 2024
Invested: $50,000
Spell Wallet – Bringing new ATOM Stakers to the Cosmos Hub
In Progress

Spell Wallet – Bringing new ATOM Stakers to the Cosmos Hub

Team: SpellWallet
Approved: Oct 16, 2024
Amount: $5,000
Archive Node for the Cosmos Hub
In Progress

Archive Node for the Cosmos Hub

Team: CryptoCrew Validators
Approved: Oct 09, 2024
Amount: $12,000