Skip to content
- DeFi Dev Corp. adopts liquid staking technology, boosting treasury and exploring new opportunities in DeFi.
- dfdvSOL enables staking with liquidity, linking SOL value to DeFi Dev’s stock performance.
- Company becomes the first public firm to run liquid staking on Solana, advancing ecosystem growth.
The Solana ecosystem is gaining popularity, and DeFi Development is pushing ahead by experimenting with liquid staking token technology. The company revealed it will use some of its Solana coins to generate dfdvSOL, a liquid staking token that runs on Solana. It aims to improve the management of its treasury and access more potential in the DeFi sector.
DeFi Dev Corp. can now use LST technology to stake SOL tokens in order to get a liquid token as a result. When you send SOL into the liquid token, you receive dfdvSOL, which includes the staked SOL and any rewards collected. Stakers can enjoy benefits like staking while still being able to use their assets quickly. According to the company’s plan, holding on to SOL grows the value of each share, as SPS is linked to both SOL and stock prices.
The use of Sanctum’s liquid staking system allows DeFi Dev Corp. to grow its validator service and contribute more to the Solana ecosystem. By holding and running LSTs on Solana, the company has become the first to do so as a public company, making it an important achievement in the crypto industry.
The dfdvSOL token is used for staking and can easily be directly integrated into both decentralized and centralized financial systems. Therefore, DeFi Dev Corp. earns more by having access to liquidity and profit from staking, making it more competitive.
Solana’s Evolving Ecosystem Impact
Parker White, Chief Investment Officer and Chief Operating Officer at DeFi Dev Corp., provided insights into the new strategy. This project enables us to study liquid staking in more depth. dfdvSOL allows us to explore more staking benefits, earn increased rewards as validators and keep contributing to Solana’s future growth. The company believes that this action plays a major role in their participation in Solana events.
Liquid staking technology is anticipated to make things easier and more flexible for users. With every reward added to dfdvSOL tokens, their redemption price will gradually go up, showing the value of staking. DeFi Dev Corp. expects to launch another LST offering shortly to help develop its evolving treasury strategy.
DeFi Development Corp. provides data and software services to the commercial real estate industry, using AI. The company takes an active part in Solana’s expanding ecosystem by adding investments in SOL. And decentralized finance to benefit all its stakeholders.
