Cosmos-based liquid staking protocol Drop, which raised $4 million in a funding round led by CoinFund, has announced an orderly shutdown process. The protocol will cancel its Token Generation Event (TGE) and airdrop plans. Tokens dTIA and delNIT will be gradually phased out, while dATOM and dNTRN will continue to operate with support from partners. The protocol currently holds a total value locked (TVL) of approximately $25 million.