DeFi Development Corporation (DFDV), specializing in financial asset management and owned by #Solana ($SOL ), announced the launch of a new validator on the Solana network in collaboration with the renowned #Dogwifhat ($WIF ) community for #memecoin .
The company plans to share revenue from collections, MEV (Maximum Extractable Value), and other rewards for validators, minus operating costs, with the Dogwifhat community.
Parker White, Head of Investment and Operations at #DeFi Dev Corp, stated: "In the short term, we support the Dogwifhat community by operating a Solana validator. In the long term, we aim to enhance this relationship." White noted that the reward sharing ratios have not yet been announced, and stated that both parties will receive a share of the revenue after expenses.
The company, formerly known as Janover, launched a Solana strategy to aggregate and manage financial assets after former Kraken executives acquired it in April. The new partnership with Dogwifhat is part of the company's strategy to increase the "$SOL index.
per share.
White said: "This collaboration combines the cultural strength of one of the most popular cryptocurrency communities with institutional-level validator infrastructure." He added: "Our goal is clear: to maximize performance, increase visibility, and secure Solana. In doing so, we deepen our relationship with WIF and the community it represents."
DeFi Dev Corp is striving to achieve its goal of "becoming the precise Solana strategy" within the Solana ecosystem, currently holding around 609,000 SOL, totaling approximately $107 million. #BinanceHODLerSAHARA