DeFi Development Corp. Adopts Liquid Staking Token Technology
BOCA RATON, FL, May 28, 2025 – DeFi Development Corp. (Nasdaq: DFDV), a public company with a treasury strategy focused on accumulating and compounding Solana (“SOL”), has announced its adoption of liquid staking token (“LST”) technology. As part of this initiative, DeFi Dev Corp. will invest part of its SOL treasury in dfdvSOL, an LST representing stake delegated to DeFi Dev Corp. validators and built with protocol infrastructure developed by Sanctum, a provider of liquid staking solutions on the Solana blockchain.
LSTs allow users to stake their SOL tokens and receive a liquid token in return, unlocking staking rewards while maintaining liquidity. This technology is expected to enhance the Company’s validator operations and treasury management, consistent with its mission to maximize SOL Per Share (“SPS”) growth. SPS is DeFi Dev Corp.’s proprietary performance metric measuring the value of SOL held on the Company’s balance sheet to DFDV shares of common stock.
The adoption of Sanctum technology supports the Company’s ongoing strategy to expand its presence within the Solana ecosystem and explore additional avenues for growth and ecosystem integration. This milestone makes DeFi Dev Corp. the first publicly traded company to own LSTs on Solana, strengthening its position as a premier crypto-native treasury model for public market participants.
“This initiative extends our validator business into the rapidly growing liquid staking sector,” said Parker White, the Company’s Chief Investment Officer and Chief Operating Officer. “The adoption of dfdvSOL not only creates additional ways to drive stake to our validators and increase SOL holdings, but also advances our role as a long-term participant in the Solana ecosystem.”
How dfdvSOL Works
- Users stake SOL tokens to validators operated by DeFi Dev and receive dfdvSOL tokens in return.
- dfdvSOL tokens represent the underlying staked SOL plus accumulated staking rewards.
- Holders can utilize dfdvSOL tokens across various decentralized finance (DeFi) and centralized finance (CeFi) applications or redeem them via the Sanctum protocol for the underlying staked SOL.
- Rewards are automatically reflected in the redemption value of dfdvSOL, streamlining the user experience.
DeFi Dev Corp. intends to provide additional details regarding the rollout and integration of dfdvSOL and other LSTs in the near future.
Important Disclaimer: DeFi Dev Corp. receives a commission of the SOL rewards generated from its validator operations and will receive a portion of the fee imposed via the Sanctum protocol based on staking operations by dfdvSOL users. DeFi Dev Corp. is not responsible for the development, security, or operation of Sanctum’s technology or infrastructure and is not acting on behalf of Sanctum. Users should independently evaluate the risks associated with LSTs and related technologies.
About DeFi Development Corp. DeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under which the principal holding in its treasury reserve is allocated to Solana (SOL). The Company provides investors with direct economic exposure to SOL while actively participating in the growth of the Solana ecosystem. In addition to holding and staking SOL, DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake. The Company also engages across decentralized finance (DeFi) opportunities and continues to explore innovative ways to support and benefit from Solana’s expanding application layer.
