$BONK
🚨 BONK declines despite partnership with DeFi Development Corp 🚨
Solana treasury-focused firm DeFi Development Corporation has partnered with meme coin BONK to co-launch a Solana validator, according to a press release on Friday.
The firm stated that this is the first time a public company is partnering with a community meme coin, as it aims to expand how institutions can align with decentralized networks.
DeFi Development Corp will operate and manage the Solana validator, while both entities will work together to grow its stake and share rewards.
The partnership aims to strengthen DeFi Dev Corp's validator business, increase its revenue and boost its Solana holdings.
"As we continue building out our validator infrastructure, this collaboration allows us to support one of the most dynamic, influential and innovative communities in Web3 while simultaneously advancing our mission to maximize SOL per share for DFDV shareholders," said Parker White, CIO and COO at DeFi Dev Corp, in the press release.