DeFi Dev Corp. Announces Adoption of Liquid Staking Token Technology Developed by Sanctum; DFDV Becomes the First Public Company to Invest in Liquid Staking Tokens
DeFi Development Corp. (DFDV) has announced its adoption of liquid staking token (LST) technology, becoming the first public company to invest in LSTs on the Solana blockchain. The company will invest part of its SOL treasury in dfdvSOL, an LST developed using Sanctum's protocol infrastructure.
The dfdvSOL token system allows users to stake SOL tokens to DFDV validators and receive liquid tokens in return, enabling them to earn staking rewards while maintaining liquidity. The tokens can be used across DeFi and CeFi applications or redeemed for the underlying staked SOL. The company will receive commission from SOL rewards generated from validator operations and a portion of Sanctum protocol fees.
This initiative aligns with DFDV's mission to maximize SOL Per Share (SPS) growth, their proprietary metric measuring SOL treasury value relative to outstanding shares.
DeFi Development Corp. (DFDV) ha annunciato l'adozione della tecnologia dei token di liquid staking (LST), diventando la prima società quotata a investire in LST sulla blockchain di Solana. L'azienda investirà una parte del suo tesoro in SOL in dfdvSOL, un LST sviluppato utilizzando l'infrastruttura del protocollo di Sanctum.
Il sistema di token dfdvSOL consente agli utenti di mettere in staking i token SOL con i validatori DFDV e ricevere in cambio token liquidi, permettendo di guadagnare ricompense di staking mantenendo però la liquidità. I token possono essere utilizzati nelle applicazioni DeFi e CeFi o riscattati per i SOL sottostanti messi in staking. L'azienda riceverà una commissione dalle ricompense SOL generate dalle operazioni dei validatori e una parte delle commissioni del protocollo Sanctum.
Questa iniziativa è in linea con la missione di DFDV di massimizzare la crescita del SOL Per Share (SPS), il loro indicatore proprietario che misura il valore del tesoro SOL rispetto alle azioni in circolazione.
DeFi Development Corp. (DFDV) ha anunciado la adopción de la tecnología de tokens de liquid staking (LST), convirtiéndose en la primera empresa pública en invertir en LSTs en la blockchain de Solana. La compañía invertirá parte de su tesoro en SOL en dfdvSOL, un LST desarrollado utilizando la infraestructura del protocolo de Sanctum.
El sistema de tokens dfdvSOL permite a los usuarios hacer staking de tokens SOL con los validadores de DFDV y recibir tokens líquidos a cambio, lo que les permite ganar recompensas de staking mientras mantienen la liquidez. Los tokens pueden usarse en aplicaciones DeFi y CeFi o canjearse por los SOL subyacentes apostados. La empresa recibirá comisiones de las recompensas SOL generadas por las operaciones de validadores y una parte de las tarifas del protocolo Sanctum.
Esta iniciativa está alineada con la misión de DFDV de maximizar el crecimiento de SOL Per Share (SPS), su métrica propietaria que mide el valor del tesoro SOL en relación con las acciones en circulación.
DeFi Development Corp. (DFDV)는 액체 스테이킹 토큰(LST) 기술을 도입했다고 발표했으며, 솔라나 블록체인에서 LST에 투자하는 최초의 상장 기업이 되었습니다. 회사는 자사의 SOL 금고 일부를 Sanctum 프로토콜 인프라를 사용해 개발된 dfdvSOL LST에 투자할 예정입니다.
dfdvSOL 토큰 시스템은 사용자가 DFDV 검증자에게 SOL 토큰을 스테이킹하고 그 대가로 액체 토큰을 받아 스테이킹 보상을 얻으면서도 유동성을 유지할 수 있게 합니다. 이 토큰은 DeFi 및 CeFi 애플리케이션에서 사용하거나 스테이킹된 기본 SOL로 교환할 수 있습니다. 회사는 검증자 운영에서 발생하는 SOL 보상과 Sanctum 프로토콜 수수료의 일부를 수수료로 받게 됩니다.
이 이니셔티브는 발행 주식 대비 SOL 금고 가치를 측정하는 DFDV의 독자 지표인 SOL Per Share(SPS) 성장 극대화라는 사명과 부합합니다.
DeFi Development Corp. (DFDV) a annoncé l'adoption de la technologie des tokens de liquid staking (LST), devenant ainsi la première entreprise cotée à investir dans les LST sur la blockchain Solana. La société investira une partie de son trésor SOL dans dfdvSOL, un LST développé grâce à l'infrastructure du protocole Sanctum.
Le système de tokens dfdvSOL permet aux utilisateurs de staker leurs tokens SOL auprès des validateurs DFDV et de recevoir en retour des tokens liquides, leur permettant de gagner des récompenses de staking tout en conservant leur liquidité. Ces tokens peuvent être utilisés dans des applications DeFi et CeFi ou échangés contre les SOL stakés sous-jacents. La société percevra une commission sur les récompenses SOL générées par les opérations des validateurs ainsi qu'une part des frais du protocole Sanctum.
Cette initiative s'inscrit dans la mission de DFDV visant à maximiser la croissance du SOL Per Share (SPS), leur indicateur propriétaire mesurant la valeur du trésor SOL par rapport aux actions en circulation.
DeFi Development Corp. (DFDV) hat die Einführung der Liquid Staking Token (LST)-Technologie bekannt gegeben und ist damit das erste börsennotierte Unternehmen, das in LSTs auf der Solana-Blockchain investiert. Das Unternehmen wird einen Teil seines SOL-Schatzes in dfdvSOL investieren, einem LST, das mit der Protokollinfrastruktur von Sanctum entwickelt wurde.
Das dfdvSOL-Token-System ermöglicht es Nutzern, SOL-Token bei DFDV-Validatoren zu staken und im Gegenzug liquide Token zu erhalten, wodurch sie Staking-Belohnungen verdienen und gleichzeitig Liquidität behalten können. Die Token können in DeFi- und CeFi-Anwendungen genutzt oder gegen die zugrunde liegenden gestakten SOL eingelöst werden. Das Unternehmen erhält eine Provision aus den SOL-Belohnungen, die durch Validator-Operationen generiert werden, sowie einen Anteil an den Sanctum-Protokollgebühren.
Diese Initiative steht im Einklang mit der Mission von DFDV, das Wachstum von SOL Per Share (SPS) zu maximieren, ihrer proprietären Kennzahl zur Messung des SOL-Schatzwerts im Verhältnis zu den ausstehenden Aktien.
- First public company to invest in Liquid Staking Tokens on Solana, positioning as an industry pioneer
- New revenue streams through validator operation commissions and Sanctum protocol fees
- Enhanced treasury management capabilities through LST technology
- Expansion of validator business into the growing liquid staking sector
- Dependency on third-party technology (Sanctum) for LST infrastructure
- Exposure to risks associated with LST and DeFi technologies
- No immediate financial impact metrics provided
Insights
DFDV enhances its Solana validator business by adopting liquid staking tokens, potentially increasing revenue through validator fees while maintaining liquidity.
DeFi Development Corp's adoption of liquid staking token (LST) technology marks a strategic expansion of its Solana validator operations. The company will now invest part of its SOL treasury in dfdvSOL, an LST built with Sanctum's infrastructure that represents stake delegated to DFDV validators.
This move creates a dual revenue stream for DFDV: the company will earn both a commission from validator rewards and a portion of fees from the Sanctum protocol when users stake through dfdvSOL. This effectively allows DFDV to monetize its validator infrastructure beyond direct operation.
The LST implementation addresses a fundamental challenge in staking cryptocurrencies - the liquidity lock-up. With dfdvSOL, users can stake SOL while maintaining liquidity through the representative token, which can be used across DeFi applications or redeemed for the underlying staked SOL plus accumulated rewards.
From a treasury management perspective, this approach aligns with DFDV's stated mission to maximize SOL Per Share (SPS) growth. The company can potentially grow its SOL holdings more efficiently by attracting additional stake to its validators through this more flexible staking option.
As the first public company to own LSTs on Solana, DFDV is pioneering a new model for public companies to engage with cryptocurrency networks - not just as investors but as active network participants generating operational revenue. This positions DFDV uniquely at the intersection of traditional finance and decentralized networks, with a business model that directly benefits from Solana ecosystem growth.
BOCA RATON, FL, May 28, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company” or “DeFi Dev Corp.”), the first public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced its adoption of liquid staking token (“LST”) 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 (“SPS”) 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.
“This initiative extends our validator business into the rapidly growing liquid staking sector,” said Parker White, the Company’s Chief Investment Officer and Chief Operating Officer. “The adoption of dfdvSOL not only creates additional ways to drive stake to our validators and increase SOL holdings, but also advances our role as a long-term participant in the Solana ecosystem.”
How dfdvSOL works:
- Users stake SOL tokens to validators operated by DeFi Dev and receive dfdvSOL tokens in return.
- dfdvSOL tokens represent the underlying staked SOL plus accumulated staking rewards.
- Holders can utilize dfdvSOL tokens across various decentralized finance (DeFi) and centralized finance (CeFi) applications or redeem them via the Sanctum protocol for the underlying staked SOL.
- Rewards are automatically reflected in the redemption value of dfdvSOL, streamlining the user experience.
DeFi Dev Corp. intends to provide additional details regarding the rollout and integration of dfdvSOL and other LSTs in the near future.
Disclaimer: DeFi Dev Corp. receives a commission of the SOL rewards generated from its validator operations and will receive a portion of the fee imposed via the Sanctum protocol based on staking operations by dfdvSOL users. DeFi Dev Corp. is not responsible for the development, security, or operation of Sanctum’s technology or infrastructure, and is not acting on behalf of Sanctum. Users should independently evaluate the risks associated with LSTs and related technologies.
About DeFi Development Corp.
DeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under which the principal holding in its treasury reserve is allocated to Solana (SOL). Through this strategy, the Company provides investors with direct economic exposure to SOL, while also actively participating in the growth of the Solana ecosystem. In addition to holding and staking SOL, DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake. The Company is also engaged across decentralized finance (DeFi) opportunities and continues to explore innovative ways to support and benefit from Solana’s expanding application layer.
The Company is an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions, as well as value-add services, to multifamily and commercial property professionals, as the Company connects the increasingly complex ecosystem that stakeholders have to manage.
The Company currently serves more than one million web users annually, including multifamily and commercial property owners and developers applying for billions of dollars of debt financing per year, professional service providers, and thousands of multifamily and commercial property lenders, including more than
Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "believe," "project," "estimate," "expect," strategy," "future," "likely," "may,", "should," "will" and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations, and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) fluctuations in the market price of SOL and any associated impairment charges that the Company may incur as a result of a decrease in the market price of SOL below the value at which the Company’s SOL are carried on its balance sheet; (ii) volatility in our stock price, including due to future issuances of common stock and securities convertible into common stock; (iii) the effect of and uncertainties related the ongoing volatility in interest rates; (iv) our ability to achieve and maintain profitability in the future; (v) the impact on our business of the regulatory environment and complexities with compliance related to such environment including changes in securities laws or other laws or regulations; (vi) changes in the accounting treatment relating to the Company’s SOL holdings; (vii) our ability to respond to general economic conditions; (vii) our ability to manage our growth effectively and our expectations regarding the development and expansion of our business; (ix) our ability to access sources of capital, including debt financing and other sources of capital to finance operations and growth and (x) other risks and uncertainties more fully in the section captioned “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and other reports we file with the SEC. As a result of these matters, changes in facts, assumptions not being realized, or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.
Investor Contact:
ir@defidevcorp.com
Media Contact:
Prosek Partners
pro-ddc@prosek.com
FAQ
What is dfdvSOL and how does it work for DFDV investors?
How will DFDV generate revenue from the liquid staking token technology?
What is DFDV's SOL Per Share (SPS) metric?
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How does DFDV's LST adoption impact its position in the Solana ecosystem?
