DeFi Dev Corp Launches Dogwifhat Validator
DeFi Development Corporation (DFDV) is launching a Dogwifhat validator node on the Solana blockchain, teaming up with the memecoin's community to distribute rewards. Both parties will split earnings, such as staking income and other validator rewards, after costs. This initiative is part of DeFi Dev Corp's strategy to expand its 'SOL per Share' metric following its acquisition by former Kraken executives. The company aims to merge institutional-grade infrastructure with a vibrant community. DeFi Dev Corp holds approximately 609,000 SOL, valued at $107 million, while Dogwifhat (WIF) has seen a significant 22% price rise recently.
FAQ
❓ What is a validator node?
A validator node helps operate a blockchain by confirming transactions and ensuring network security.
❓ What is Dogwifhat?
Dogwifhat is a memecoin on the Solana blockchain, characterized by a Shiba Inu dog mascot, launched in November 2023.
❓ How does DeFi Dev Corp share rewards?
DeFi Dev Corp and Dogwifhat community will split staking and validator rewards after covering operational costs.