DeFi Development Corp. (NASDAQ:DFDV) (the "Company" or "DeFi Dev Corp."), the first public company with a treasury strategy built to accumulate and compound Solana ("SOL"), today announced its adoption of liquid staking token ("LST") technology. As part of this initiative, DeFi Dev Corp. will invest part of its SOL treasury in dfdvSOL, an LST representing stake delegated to DeFi Dev Corp. validators and built with protocol infrastructure developed by Sanctum, a provider of liquid staking solutions on the Solana blockchain.

LSTs allow users to stake their SOL tokens and receive a liquid token in return, unlocking staking rewards while maintaining liquidity. The adoption of LST technology is expected to enhance the Company's validator operations and treasury management, consistent with its mission to maximize SOL Per Share ("SPS") growth. SPS is DeFi Dev Corp.'s proprietary performance metric measuring the value of SOL held on the Company's balance sheet to DFDV shares of common stock, providing investors with a clear view of the underlying value of its treasury allocation.

The adoption of Sanctum technology also supports the Company's ongoing strategy to expand its presence within the Solana ecosystem and explore additional avenues for growth and ecosystem integration. This milestone makes DeFi Dev Corp. the first publicly traded company to own LSTs on Solana, further strengthening its position as the premier crypto-native treasury model for public market participants.

"This initiative extends our validator business into the rapidly growing liquid staking sector," said Parker White, the Company's Chief Investment Officer and Chief Operating Officer. "The adoption of dfdvSOL not only creates additional ways to drive stake to our validators and increase SOL holdings, but also advances our role as a long-term participant in the Solana ecosystem."

How dfdvSOL works:

• Users stake SOL tokens to validators operated by DeFi Dev and receive dfdvSOL tokens in return.
• dfdvSOL tokens represent the underlying staked SOL plus accumulated staking rewards.
• Holders can utilize dfdvSOL tokens across various decentralized finance (DeFi) and centralized finance (CeFi) applications or redeem them via the Sanctum protocol for the underlying staked SOL.
• Rewards are automatically reflected in the redemption value of dfdvSOL, streamlining the user experience.

DeFi Dev Corp. intends to provide additional details regarding the rollout and integration of dfdvSOL and other LSTs in the near future.