DeFi Development closes Strategy-style $11 million CHAD offering to grow Solana treasury
DeFi Development Corp's CHAD is a Variable Rate Series C perpetual preferred stock, with an initial annual dividend rate of 13%.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
Solana is showing up inside the Institutional Adoption theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
Original source
Read on The BlockRelated market context
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