Cato
1.9K posts
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.
Now that the "Ethereum alignment" meta is dead, there's no longer any practical benefit to launching an L2 over a Cosmos L1: - POA reduces costs vs POS with more security than a single centralized sequencer. - IBC offers a better native bridge to Ethereum with no trusting period. - Much greater customization and performance guarantees. Become Sovereign. Come to Cosmos
