DeFi Dev Corp integrates liquid staking token (LST) technology into treasury operations, becoming the first public company to use a custom LST called dfdvSOL on Solana.
dfdvSOL is built using Sanctum infrastructure, accumulating staking rewards while offering flexibility to trade or redeem, boosting SOL Per Share (SPS) metric.
The company aims to enhance validator network, improve treasury efficiency, and earn staking rewards without sacrificing liquidity through dfdvSOL.
DeFi Dev Corp plans to share more details on dfdvSOL's rollout and integration, pioneering a crypto-native treasury strategy in the Solana ecosystem for public markets.