Lido Alliance application: Drop

📡 Protocol

Lido

Voting URL

https://snapshot.org/#/lido-snapshot.eth/proposal/0x946c9498e76cde24a1475dd786cb119bbfab2b3b5ce95b5177c0818bed91e20b

Type of Vote

Off-chain

Our Vote

For

Rationale

As DeFi activities centered around LST expand beyond the Ethereum mainnet, partnerships like this, which address cross-chain compatibility, help meet the growing needs of LST-based DeFi activities. Therefore, we vote in favor of this proposal.

Vote Date

June 4, 2024

Drop, a cross-chain liquid staking protocol, enables staking across multiple blockchains while keeping staked assets liquid. In this proposal, 10% of their total token supply is offered to the Lido Alliance in exchange for support in growth and liquidity bootstrapping.