Breathing new life into the Interchain through liquid staking. Proud member of the @LidoFinance Alliance. https://xitter.cf/t.co/P4rK2hzcTd
Joined March 2024
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Drop💧 retweeted
3) @dropdotmoney assets (dATOM, dNTRN, dTIA, deINIT)
If you are holding DROP assets on Neutron, you can immediately withdraw the underlying native asset through the Drop dashboard.
->You do NOT need to unstake ❗
The unstaking flow has been disabled. Users can now bypass the normal waiting period and withdraw directly from the Dashboard. Your assets are received on Neutron.
• dATOM → $ATOM
• dNTRN → $NTRN
• dTIA → $TIA
• deINIT → $INIT / $USDC LP token
You can now instantly redeem your dATOM, dNTRN, and dTIA using the Drop dashboard
app.drop.money/dashboard
Reminder: dASSET withdrawals are still open
To withdraw, go to the Drop dashboard, connect your wallet and see the assets available for withdrawal:
app.drop.money/dashboard
Drop💧 retweeted
NTRN Redemption is now live at: app.neutron.org/redemption
Holders can permanently burn liquid NTRN in exchange for a pro-rata share of the 1,387,453.67 USDC pool
The 'Estimated Clearing Price' will go down as more NTRN is deposited
The absolute floor is ~$0.002 (the scenario where all circulating supply is deposited)
• Deposit window is April 1 - April 30
• Claims open on May 1
• The claiming portal will close on June 30
Circulating supply update: You may notice the circulating supply figure (~598.7M NTRN) has dropped
The supply itself has not changed; we updated the API calculation to properly exclude DAO-owned dNTRN, which was counted as circulating after the Mercury upgrade
• Participation is voluntary
• Deposits are irreversible
• There is no advantage to depositing early
Foundation-held NTRN (estimated at ~32.4M) will not participate in the redemption and will be burned
1. IBC transfer your deINIT to Neutron. Easiest way: Keplr extension → IBC Send → select Neutron as destination
2. Connect your Neutron Keplr wallet to Drop
3. Withdraw your deINIT (same flow as dATOM and dNTRN)
You can now instantly redeem your dATOM, dNTRN, and dTIA using the Drop dashboard
app.drop.money/dashboard
On November 13, 2025, we announced that Drop is shutting down operations.
Today, we’re providing clear details on how the redemption process will work, including when and how users can claim their native tokens and any accrued staking rewards.
Withdrawals will be processed through a force-unstake mechanism.
The protocol’s underlying stake and rewards will be undelegated from each network (Cosmos Hub, Celestia, Neutron, and Initia), after which users can redeem their native assets by burning the corresponding LSTs.
All redemptions will be honored at the protocol’s final exchange rate. There is no need to swap out of dAssets in advance and incur slippage.
Please review the important dates below:
📆 February 26 (Today)
Ahead of the unstaking process, we will disable the creation of, and voluntary unstaking of dAssets.
📆 March 2
• All underlying assets will begin unstaking.
• After this date, dAssets will no longer earn APR. Users will continue to see their dAssets in their wallets, but the protocol’s redemption rate will no longer increase.
📆 March 16
• Users will be able to instantly claim unstaked dTIA via the Drop website.
📆 March 23
• Claims for the remaining assets (INIT, ATOM, and NTRN) will open.
• Users can convert their dAssets into the underlying assets via the Drop website.
Please take note of these dates and plan accordingly.
Claims are now open 💧
All Phase One and Phase Two Droplets holders with at least 1 Droplet are eligible to claim their ATOM rewards.
How to claim:
1. Go to droplets.drop.money
2. Click View rewards
3. Connect your wallet
4. Click Claim reward
5. Approve the transaction
Check out the FAQ for more details: droplets.drop.money/faq
Following the announcement on November 13, the Drop Foundation will wind-down all Drop Protocol activity.
Additionally, the Droplets Program has now formally concluded and Droplets are no longer accumulating.
As a way to reward those who provided liquidity, a part of Drop’s protocol revenue will be distributed to Droplets Program participants (snapshot taken on November 13).
More details on distribution, timing and claiming process will be shared once finalized.
In the meantime, Drop remains in active conversations with several teams regarding potentially taking over dAsset maintenance and is coordinating an organized process to assess these options.
Current dAsset status:
→ dATOM and dNTRN remain live
→ dTIA will be re-enabled ASAP (final testing after the Celestia upgrade)
→ deINIT shutdown begins in the coming weeks (timeline to follow)
Any changes will be communicated ahead of time through official Drop channels.
Original announcement (with updated info): medium.com/drop-protocol/dro…
