DeFi Development Corp Promotes Liquidity Staking Investment on Solana
On May 29, DeFi Development Corp, a Nasdaq-listed company with the ticker DFDV, announced the adoption of Liquidity Staking Token (LST) technology developed by Sanctum. This is the first listed company to invest in Solana's Liquidity Staking Token.
The company has invested part of its SOL reserves in dfdvSOL, representing assets staked through the DeFi Dev verification node. The dfdvSOL technology allows users to stake SOL to receive dfdvSOL Tokens, which can then be used in DeFi/CeFi applications or exchanged through the Sanctum protocol.
The investment director of DeFi Dev emphasized that this move will promote the activities of verification nodes in the liquidity staking field, enhancing the company's participation in the Solana ecosystem.
