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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.
1/ Meet @WheresBroox (Broox Bauer), one of the multiple @AxiomExchange employees allegedly abusing the lack of access controls for internal tools to lookup sensitive user details to insider trade by tracking private wallet activity since early 2025.
$IBM -13% after Anthropic's Claude Code can automate COBOL modernization.
95% of US ATM transactions run on COBOL — prime AI disruption target.
2nd AI casualty wave this week. Last Friday cybersecurity stocks tanked → now legacy code.
What's next?
Why did $BTC dump hard this morning?
Bitdeer (Singapore-based mining company) just liquidated all 943 BTC from corporate treasury — now at zero holdings.
This fuels miner capitulation fears.