DeFi Dev Corp Becomes First Public Company to Adopt Solana LSTs
DeFi Development Corp. (Nasdaq: DFDV) has taken a bold step in expanding its Solana-focused strategy.
The company announced it has integrated liquid staking token (LST) technology into its treasury operations, using a custom LST called dfdvSOL.
This move makes DeFi Dev Corp the first publicly traded company to hold LSTs on SOL, marking a major milestone in the adoption of liquid staking by public market players.
Built using infrastructure from Sanctum, a leader in Solana liquid staking, dfdvSOL represents SOL tokens staked through DeFi Dev validators. In return, holders receive a liquid token that accumulates staking rewards while retaining the flexibility to trade or redeem.
Boosting SOL Per Share and Expanding Validator Reach
With this upgrade, DeFi Dev Corp aims to maximize its proprietary metric, SOL Per Share (SPS)—a performance benchmark showing how much SOL backs each DFDV share.
“The move strengthens our validator network and enhances treasury efficiency,” said Parker White, the firm’s Chief Investment and Operating Officer. “dfdvSOL drives more stake to our infrastructure and grows our SOL base.”
The use of LSTs allows the company to earn rewards on staked SOL without sacrificing liquidity. That means improved capital efficiency while remaining deeply integrated into the Solana ecosystem.
How dfdvSOL Works
- Stake & Receive: Users delegate SOL to DeFi Dev validators and receive dfdvSOL in return.
- Earn Automatically: dfdvSOL represents both the staked SOL and all earned rewards.
- Stay Liquid: Holders can use dfdvSOL in DeFi/CeFi apps or redeem it for SOL through Sanctum.
- Seamless Growth: Rewards are reflected in the token’s redemption value—no claiming required.
What’s Next
DeFi Dev Corp says more details on dfdvSOL’s rollout and integration are coming soon. As the company deepens its role in the Solana ecosystem, it continues to pioneer a crypto-native treasury strategy tailored for public markets.
This initiative expands DeFi Dev Corp’s footprint beyond simple accumulation, turning its SOL holdings into productive assets that align with the fast-growing liquid staking sector.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
