DeFi Development announces adoption of liquid staking token technology

DeFi Development (DFDV) announced its adoption of liquid staking token 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. The adoption of LST technology is expected to enhance the Company’s validator operations and treasury management, consistent with its mission to maximize SOL Per Share 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, providing investors with a clear view of the underlying value of its treasury allocation. The adoption of Sanctum technology also 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, further strengthening its position as the premier crypto-native treasury model for public market participants.