DeFi Development Corporation, a treasury management and DeFi development company, has announced the launch of a validator on Solana in partnership with Dogwifhat community.
Launch of New Validator on Solana
DeFi Development Corporation (DFDV) has announced the launch of a new validator on the Solana network. This event occurs amid a rise in the popularity of communities associated with memecoins.
Terms of Collaboration with Dogwifhat
Under the plan, DeFi Development Corporation will share staking revenues, MEV (Maximum Extractable Value), and other validator rewards with the Dogwifhat community, minus operational expenses. "In the short term, we are supporting the Dogwifhat community by running a Solana validator," said Parker White, Chief Investment and Operations Officer.
DeFi Development Corporation's Strategy in Solana Ecosystem
Previously known as Janover, the company launched a treasury management and accumulation strategy for Solana after being acquired by former Kraken executives in April. The new partnership with Dogwifhat is part of DeFi Dev Corp’s strategy to increase their SOL per share metric.
The collaboration between DeFi Development Corporation and the Dogwifhat community highlights the company's efforts to strengthen its position in the Solana ecosystem, aiming for improved performance and network security.
