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🚨#DeFi Development Corp #Acquires Solana Validator Business for $3.5M
🔹Acquisition Details: DeFi Development Corp (formerly Janover) is #buying a Solana validator business for $3.5 million — funded with $3M in restricted stock and $500K in cash.
🔹Strategic Move: This allows the firm to self-stake its SOL holdings and directly collect staking rewards.
🔹Validator Strength: The acquired validator manages around 500,000 SOL, worth about $75.5M at current market value.
🔹$SOL Holdings: As of May 1, the company holds 317,273 SOL (~$46.2M).
🔹Corporate Pivot: Recently rebranded from a real estate software provider, the firm aims to be the "Strategy of Solana," echoing MicroStrategy's BTC playbook.
This deal positions DeFi Dev Corp to further capitalize on protocol-native income within the Solana ecosystem.
🔹Acquisition Details: DeFi Development Corp (formerly Janover) is #buying a Solana validator business for $3.5 million — funded with $3M in restricted stock and $500K in cash.
🔹Strategic Move: This allows the firm to self-stake its SOL holdings and directly collect staking rewards.
🔹Validator Strength: The acquired validator manages around 500,000 SOL, worth about $75.5M at current market value.
🔹$SOL Holdings: As of May 1, the company holds 317,273 SOL (~$46.2M).
🔹Corporate Pivot: Recently rebranded from a real estate software provider, the firm aims to be the "Strategy of Solana," echoing MicroStrategy's BTC playbook.
This deal positions DeFi Dev Corp to further capitalize on protocol-native income within the Solana ecosystem.
🚨SOLANA’S #NEW VALIDATOR SHAKEUP
🔹Solana Foundation updates its Delegation Program policy.
🔹For every new validator added, 3 underperforming ones removed.
Targets those with:
🔹18+ months of Foundation stake,
🔹< 1,000 SOL in external stake.
Goal: Reduce central reliance, boost community-backed nodes, and enhance network efficiency.
-Solana Foundation$SOL
🔹Solana Foundation updates its Delegation Program policy.
🔹For every new validator added, 3 underperforming ones removed.
Targets those with:
🔹18+ months of Foundation stake,
🔹< 1,000 SOL in external stake.
Goal: Reduce central reliance, boost community-backed nodes, and enhance network efficiency.
-Solana Foundation$SOL
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