DeFi Development boosts CHAD dividend to 14% amid push to grow Solana holdings
60-second summary
DeFi Development raises the dividend on its CHAD preferred shares to 14% from 13%, using increased CHAD sales to expand its Solana treasury. The higher payout aims to attract investors while the firm allocates more capital to SOL assets, signaling confidence in Solana’s growth and potentially boosting CHAD’s market valuation.
DeFi Development is raising the dividend rate on its CHAD preferred stock to 14% from 13% as it taps CHAD sales to grow its Solana treasury.