Defi Development Corp passed to Liquid Stinging to enlarge solana assets

The company, which is traded on Nasdaq, aims to expand the solelana treasure and increase the power of Validator using liquid stake tokens (LST). This is the first example of a publicly -based LST.

Defi Development Corp. (DFC) announced that it has switched to liquid stinging token (LST) technology to manage solana -based assets more efficiently. The company will transform some of the existing 609.190 left treasure into the LST called DFDVSOL, which works on the Staging infrastructure developed by Sanctum.

With this move, the DFC won the title of the first public company to have LST on Solana.

🔎 What is this LST?

The Liquid Stinging Token (LST) allows a process without losing its liquidity when stacting a presence.

In other words, users receive LST in return for the tokens they stake and can continue to tract them with LSTs.

DFDVSOL used by DFC is an asset given by the stake left equivalent.

🏦 The company’s solana strategy

Defi giant Corp was recently purchased by former Kraken executives, and the real estate software company Janover changed its name, which has become a completely focused structure.

With this transformation, he began to establish the Validators and transition to the left accumulation strategy.

As of May 15, 2025, the total left presence of the company is 609,190, approximately 105.8 million dollars worth of dollars.

💵 Financing and Market Response

At the beginning of this month, the company completed a special funding tour of $ 24 million. This resource will be used for general expenses and left purchases.

However, despite the LST announcement, the DFC shares fell 16.95 %on May 29 at $ 22.19 (Yahoo Finance data).

The price of Solana was $ 173.4 with a decrease of 0.7 %on the same day. The market value of the SOL is ranked sixth with 90.3 billion dollars.

🗣️ Description: Parker White, CIO & COO

“Thanks to DFDVSOL integration, we will be able to direct our Validators more stakes and increase our left assets.”