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DeFi Development Corp completes $11M CHAD offering for SOL-backed credit instrument

DeFi Development Corp closed an $11M offering of CHAD preferred stock yielding 16.25%, the first SOL-backed credit instrument on Nasdaq.

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cryptobriefing.comStai leggendo4 g fa

DeFi Development Corp completes $11M CHAD offering for SOL-backed credit instrument

DeFi Development Corp closed $11M CHAD offering—perpetual preferred yielding 16.25%, backed by 2.33M SOL, funds Solana. Signals crypto-backed yield instrument trend; managers must weigh SOL volatility against fixed dividend priority with zero equity upside.

originale

theblock.co3 g fa

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%.

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martedì 8 settembre 2026·cryptobriefing.com
DeFi Development Corp completes $11M CHAD offering for SOL-backed credit instrument
DeFi Development Corp closed an $11M offering of CHAD preferred stock yielding 16.25%, the first SOL-backed credit instrument on Nasdaq.
martedì 8 settembre 2026·theblock.co
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%.