DeFi Development Bets on Liquid Staking to Expand Solana Position

• DeFi Development Adopts Liquid Staking with Focus on Solana
• Nasdaq-listed company accumulates more than 609 thousand SOL
• Use of LSTs provides liquidity and scale in cryptocurrencies

Nasdaq-listed DeFi Development Corp. has announced the use of liquid staking tokens (LSTs) as part of its strategy to expand its Solana (SOL) position and optimize its crypto treasury.

Em release In a statement released on Wednesday, the company said it has begun allocating its SOL assets to dfdvSOL, a liquid staking token built on Sanctum’s infrastructure. Adopting this technology allows tokens to remain liquid while being delegated for staking, something increasingly explored by institutional participants in the DeFi ecosystem.

With the adoption of LSTs, DeFi Development has become the first publicly traded company to own this type of token based on the Solana network. According to the company, this move reinforces its treasury model focused exclusively on cryptocurrencies and strengthens its presence among institutional players in the sector.

Parker White, the company’s chief investment and operations officer, explained that using dfdvSOL allows us to increase engagement with validators and increase SOL holdings. “This creates additional ways to drive participation to our validators and increase SOL holdings,” he commented.

DeFi Development underwent a significant restructuring in April when a team of former Kraken executives acquired majority control of then-real estate software company Janover. Since then, the new management has refocused on the Solana ecosystem, signaling a clear focus on the network’s growth.

The company's most recent moves include a $24 million private placement earlier this month, aimed at bolstering corporate cash and continuing to accumulate SOL as part of its long-term strategy.

With acquisition from an additional 16.447 SOL on May 15, the company now holds a total of 609.190 SOL, valued at approximately US$105,8 million at current market prices.

Despite the news, DeFi Development shares fell 16,95% on Nasdaq, closing the day at $22,19. The SOL token suffered a slight decline of 0,7%, trading at $173,40, with a market capitalization of $90,3 billion.