DeFi Development Corp Embraces Liquid Staking on Solana 💰

DeFi Development Corp., a Nasdaq-listed company focused on Solana, has implemented liquid staking token (LST) technology to optimize its treasury and validator operations. By allocating a portion of its SOL holdings into dfdvSOL—an LST on Sanctum's infrastructure—the company maintains asset liquidity during staking. This move positions DeFi Dev Corp. as the first public company to own LSTs on Solana, enhancing its role as a leader in crypto treasury models. Parker White, CIO and COO, highlighted that dfdvSOL adoption increases opportunities to boost validator stakes and SOL reserves. Recently rebranded and shifted from real estate software to crypto, DeFi Dev Corp. completed a $24 million private placement to further its Solana investments. Currently, the company holds 609,190 SOL, valued at $105.8 million. Despite recent stock dips, Solana remains a prominent cryptocurrency with a market cap of $90.3 billion.