DeFi Development Corporation (DFDV), a treasury management company focused on Solana (SOL), announced that it has launched a new validator on the Solana network in collaboration with the popular meme coin Dogwifhat (WIF) community.

The company plans to share staking revenues, MEV (Maximum Extractable Value), and other validator rewards with the Dogwifhat community after operational expenses are deducted.

Parker White, Investment and Operations Director of DeFi Dev Corp, stated, “In the short term, we are supporting the Dogwifhat community as a Solana validator. In the long term, we aim to further develop this collaboration.” White noted that the reward sharing ratios have not yet been publicly announced, stating that both parties will share the remaining income after expenses.

The company formerly known as Janover launched its Solana treasury management and accumulation strategy after being acquired by former Kraken executives in April. This new partnership with Dogwifhat is seen as a significant part of the company's goal to increase the 'SOL per Share' metric.

White said, “This partnership brings together enterprise-level validator infrastructure with the cultural power of WIF, one of the most beloved communities in the crypto world. Our goal is to maximize performance, increase visibility, and ensure the security of the Solana network. At the same time, we are strengthening our ties with WIF and the community.”

DeFi Dev Corp, which aims to be the 'MicroStrategy of Solana' in the Solana ecosystem, currently holds approximately 609,000 SOL; this amount has a market value of around 107 million dollars.

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