Drop Protocol ($DROP) Airdrop: Neutron Liquid Staking

Drop Protocol ($DROP) is a cross-chain liquid staking on Neutron and a member of the Lido Alliance aiming to unlock liquidity for the Interchain. They recently introduced the Droplets Program — 100,000,000 $DROP tokens will be airdropped to participants who earn Droplets by liquid staking, using dAssets in DeFi, and referrals. Liquid staking is still in its early stages within the Cosmos ecosystem, and Drop Protocol’s current following is small—only about 3,000 followers. This makes it a prime time to get in early and position yourself advantageously. Here’s what you need to know.

Introduction to Drop Protocol

Drop Protocol is a cross-chain liquid staking protocol on Neutron and one of the first members of the Lido Finance Alliance. This association makes it a significant player in the market, as Lido is already well-known for its fees and revenue generation. It’s likely that Drop Protocol will capture a considerable market share in the Cosmos ecosystem.

Liquid staking in the Cosmos ecosystem is still very nascent, and Drop Protocol is emerging as a frontrunner. Currently, Drop Protocol has only around 3,000 followers, indicating that it is early days for this platform.

The Airdrop Campaign: Droplets Program

Drop Protocol’s airdrop campaign is known as the “Droplets Program“. The campaign will distribute 100,000,000 Drop tokens ($DROP) to participants. To put this in perspective, if the Drop token launches at a $10 million fully diluted valuation (FDV) at 10 cents per token, that’s potentially $10 million airdropped to users. Even at just one cent per token, that’s $1 million distributed.

This is a unique opportunity, and given the current market conditions, very few people are paying attention—focus remains on BTC and ETH, leaving protocols like Drop under the radar.

Step-by-Step Guide to Earn Drop Tokens

Drop Protocol’s DApp isn’t live yet, but the mainnet launch is expected in a few weeks. Once live, there will be three main ways to earn $DROP:

1. Liquid Stake $ATOM with Drop

You can liquid stake Cosmos ecosystem tokens like $ATOM and $TIA. Liquid staking creates derivative tokens (dAssets) called DSM, which are more efficient to stake than native tokens on-chain. Earn 1 Droplet per day for each dollar of dAssets you hold.

2. Participate in LP Pools

Once you’ve received your DSM tokens, you can pair them with their native token counterparts in Liquidity Pools (LPs). The risk of impermanent loss here is minimal. Multiply the Droplets you earn and generate additional DeFi rewards by using your dAssets in Drop ecosystem apps.

Example: Multiply the Droplets you earn on your dAssets by:

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

3. Referral System

One of the standout features of Drop Protocol’s airdrop is its referral system. Drop Protocol offers a referral program called the Drop Genesis Referral Code #Raffle. To get involved, use the hashtag: #Raffle to secure one of only 50 available codes:

• 1. Like the first tweet in this thread
• 2. Retweet/Repost the first tweet in this thread
• 3. Create a piece of Twitter content about Drop using #DropRaffle
  Accepted content types: tweets, threads, blogs, videos, infographics, and podcasts

Deadline Alert: The deadline for the referral code raffle is August 9th, this Friday at midnight UTC.

Refer friends can earn Bonus Droplets:

• Earn 25% of the Droplets your referrals earn
• Earn 12.5% of the Droplets earned by anyone your referrals refer

4. Interact with the Testnet

Drop Protocol has a Testnet available for you to interact with, which can help you familiarize yourself with liquid staking procedures. While participation in the Testnet isn’t likely to qualify you for the airdrop, it’s a great way to gain hands-on experience.

Importance of the Airdrop

Given that Drop Protocol is part of the Lido Alliance and its cross-chain capabilities via Neutron Bridge, it has a high potential for success. The Neutron Bridge is a Hyperlane product, which could also qualify you for the Hyperlane airdrop. Market conditions are ripe for this opportunity. Remember how quiet the market was before Celestia’s airdrop, which turned out to be hugely beneficial for stakeholders.

Reference: Introducing the Droplets Program — The Ultimate Guide to Earning DROP https://medium.com/drop-protocol/introducing-the-droplets-program-the-ultimate-guide-to-earning-drop-d80fd58c6a3e