Why This Publicly Traded Solana Treasury Company Now Has Its Own Liquid Staking Token

Public Trade Technology Company Definine Develop Saltworks With the creation of a liquid token with cooperation with Kamino Finance, a leading definition protocol in the Solan ecosystem.

Fluid token or LST, called DFDVSOL – which was created with LST platform Sanctum – enables users who put on salt (salt) through a defense Corp Development. Groups of Validator for Liquity Maintenance, while their original sallane tokens are locked.

In other words, while putting solana tokens through the DFDV roller coil, users receive back DFDVSOL, which can then be used in definition of activity, while users continue to earn awards.

“Lasting LST enables users to enter [SOL] To our high-performance validators, retaining flexibility to participate in defining both prizes and usefulness, “said Dan Kang, head of relations with investors in Definly Corp Development, he said Decipher.

“For DFDV, it’s a powerful flywheel: it unlocks a new flow of revenue for the company, which helps us get more salt on the section,” he added. “The more important, the deepening our presence in the ecosystem of the Solana Definite and enhances our position of the truly public company in the chain.”

The presence of a company in Solana ecosystem has quickly deepened in the last two months. It First announced intentions To create a treasure trove of digital property focused on salt Janover to Define Development Corporation in order to reflect his commitment to cryptocurrencies.

Since that time, the Treasury of the company has briefly eclipsed $ 100 million in Solana – although it is now worth around $ 94 million – as acquired a company for the validation of the salt pans and collaborated with Major Solana Meme Coin Community Bonkalso.

And now, with its validator, the company has joined the fireplace to try to enhance the adoption of its recently launched LST.

“Adoption depends on integration, and we are moving quickly from that front,” Kang said. “Kamino adds DFDVSOL to its markets for loan/loan and multiplying vaults, providing users the opportunity to make money, loan against it, or participate in automated strategies.”

“Over time, as our validator performance and trace over the salt pans grow,” he added, “our goal is to make DFDVSOL a fundamental asset in Deam.”

DFDV shares have completed more than 12% to $ 19.71, which increased 2,246%.

Solana, meanwhile, fell by 1.1% in the last 24 hours at a price above $ 154, dropped 11% in the last week.

Edited Andrew Hayward