Publicly traded real estate Technology company Defi Development Corporation Intensified Furthermore, fast -growing dedication to Solana With the creation of a liquid action in addition to a collaboration with Kamino Finance, a leading Defi protocol in the Solana ecosystem.
The liquid inputs or LST, called DFDVSol – which is made with LST platform sanction – draws up users who set Solana (SOL) via the Defi Development Corp. Validator Group to maintain liquidity while their native Solana tokens are locked up.
In other words, during the setting up of Solana tokens via DFDV validators, users receive DFDVSSol back that can then be used in Defi activity, while users still earn rewards.
“By starting an LST, users can set [SOL] To our powerful validators of the flexibility performance to participate in Defi-Zowel rewards as usefulness, ”said Kang, head of investor relationships at Defi Development Corp, told Decrypt.
“For DFDV it is a powerful flywheel: it unlocks a new income flow for the company, which helps us to acquire more sol per share,” he added. “Even more important is that it deepens our presence in the Solana Defi-eco system and strengthens our position as a real listed company.”
The presence of the company within the Solana Ecosystem has been quickly deepened over the past two months. It First announced intentions To create a digital assets, Treasury Centered on Solana at the beginning of April, the name of Janover of Defi Development Corporation To give his dedication to Crypto.
Since that time, the company’s treasury has briefly darkened $ 100 million in Solana – although now about $ 94 million valued – if it A Solana Validator Company taken over and worked together with Major Solana Meme Coin Community Bonkalso.
And now, with its validator set, the company has worked with Kamino to stimulate the acceptance of his recently launched LST.
“Adoption depends on integrations and we are quickly in that area,” said Kang. “Kamino adds DFDVSol to his loan/lenders and multiplies safes, giving users the option of earning yields, to borrow it or to participate in automated strategies.”
“In the course of time, as our validator performance and footprint grow in Solana Protocols,” he added, “our goal is that DFDVSSol becomes a fundamentally active in Defi.”
DFDV shares ended the day by more than 12% at $ 19.71, rising from 2,246% years to date.
Solana has since fallen 1.1% in the last 24 hours at a price above $ 154 and fell by 11% in the past week.
Published by Andrew Hayward