DeFi Development Corp. (DFDV), a Solana treasury company, said on Oct. 15 that it is increasing the annual dividend rate on its CHAD preferred shares from 13% to 14%, with the change set to take effect on Nov. 2. Based on CHAD’s stated value of $10 per share, the annual dividend will rise from $1.30 to $1.40 per share. The company said any dividend remains subject to declaration by its board of directors and will be paid on business days. DeFi Development also said it plans to use proceeds from future CHAD issuances to expand its SOL treasury. The update ties the preferred share program directly to the company’s stated treasury strategy around Solana’s native token.
DeFi Development Corp. (DFDV), a Solana treasury company, said on Oct. 15 that it will raise the annual dividend rate on its CHAD preferred shares from 13% to 14%, effective Nov. 2.
Using CHAD’s stated value of $10 per share, the annual dividend will increase from $1.30 per share to $1.40 per share. The company said the dividend is subject to declaration by its board of directors and will be paid on business days.
DeFi Development also said it plans to use proceeds from future CHAD issuances to expand its SOL treasury.
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