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DeFi Dev Corp Becomes First Public Company to Adopt Solana LSTs

  • 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.

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