DeFi Development closes $11M CHAD offering to expand Solana holdings
DeFi Development Corp. closed and launched a preferred stock offering. It says CHAD carries a 13% initial annual dividend rate and will fund additional SOL purchases for the firm’s Solana treasury.
Solana treasury firm DeFi Development Corp. said it has closed and launched its preferred stock offering, marking the debut of what it described as the first SOL-backed “Digital Credit” instrument. CHAD carries a 13% initial annual dividend rate and will be used to fund additional SOL purchases, according to the company.