Nasdaq-listed DeFi Development Corp (DFDV) has taken a historic step by adopting liquid staking tokens (LSTs) developed by Sanctum.
The company decided to allocate a portion of its Solana (SOL) reserves into dfdvSOL, a new token representing staked SOL through DeFi Dev’s own validator operations.
This action signals the company’s sustained dedication to the Solana ecosystem as well as its treasury strategy of growth in assets in Solana.
The firm introduced dfdvSOL, a token which allows for the staking of SOL with the ability to claim an exchangeable token with staking rewards.
Investors with dfdvSOL can still maintain their liquidity while earning returns, which is beneficial for a more active, flexible form of staking. Parker White, the firm’s Chief Investment Officer, explained that the move boosts validator performance and access to treasury income.
DeFi Dev Corp measures its success through a metric known as SOL Per Share (SPS), linking SOL holdings to DFDV shares. The use of LSTs like dfdvSOL is expected to help the company improve this metric by increasing staked assets.
DeFi validator operations boost treasury performance
Also, users are able to exchange or redeem dfdvSOL via Sanctum’s protocol, which reflects the rewards in the form of the redemption value.
This simplifies the process for token holders and opens new opportunities across both decentralized and centralized finance platforms.
DeFi Dev Corp owns validator infrastructure and maintains SOL in its treasury to enjoy returns from staking as well as appreciation in value.
It also provides services to the real estate finance market, including data and software capabilities to more than one million users per year.
Its technology powers multifamily property builders, banks, and lenders handling billions in financing requests.
As the first public company to adopt Solana-based LSTs, DeFi Dev Corp strengthens its position in digital asset treasury innovation.
