DeFi Development closes Strategy-style $11 million CHAD offering to grow Solana treasury
60-second summary
DeFi Development Corp finalizes its Strategy‑style CHAD offering, raising $11 million through a Variable‑Rate Series C perpetual preferred stock that carries an initial 13 percent annual dividend; the capital will expand the firm’s Solana‑based treasury, aiming to boost liquidity and attract yield‑seeking investors, which could strengthen Solana’s ecosystem and drive broader market confidence.
DeFi Development Corp's CHAD is a Variable Rate Series C perpetual preferred stock, with an initial annual dividend rate of 13%.