# Drop Protocol

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/drop-protocol

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.drop.money/
- Total disclosed funding: $4M
- Latest round: Seed (Oct 17, 2024)
- Investors on record: 5

## About

Based in New York, US, and founded in 2023 by co-founder Mitya Argunov, Drop Protocol operates as a cross-chain protocol that offers liquid staking for interchain assets, which increases flexibility and efficiency in decentralized finance. In October 2024, Drop Protocol raised USD 4 million in seed funding led by CoinFund Management with the participation of CMS Holdings, LLC, Anagram, Interop Ventures, and Cosmostation.

The company provides a blockchain platform that offers liquid staking solutions and rewards distribution to crypto users. The platform services include staking of dAssets, earning Droplets, and deploying assets in decentralized finance (DeFi) to increase earnings. Moreover, the firm offers solutions such as staking ATOM for dATOM, liquidity provision in DeFi, and referral programs for increased Droplet earnings. Additionally, Drop Protocol also provides services such as liquidity management, collateral usage for loans, and multi-chain staking opportunities across supported platforms like Neutron, Osmosis, and Secret.

## Funding rounds

- Seed, Oct 17, 2024, $4M — CMS Holdings, LLC, CoinFund Management, Cosmostation, Interop Ventures, Anagram

## Investors

- CMS Holdings, LLC (https://capitalatlas.ai/funds/cms-holdings-llc) — Seed
- CoinFund Management (https://capitalatlas.ai/funds/coinfund-management) — Seed
- Cosmostation — Seed
- Interop Ventures (https://capitalatlas.ai/funds/interop-ventures) — Seed
- Anagram — Seed