Solana treasury firm DeFi Dev Corp spins up Dogwifhat validator, plans to split WIF staking rewards with community
Quick Take DeFi Dev Corp and the Dogwifhat community will split staking income and other validator rewards after deducting operational expenses. The firm’s latest validator collaboration aligns with its broader strategy of growing its “SOL per Share” metric, which is also boosted by Solana token acquisitions and a Solana staking operation.
The Solana treasury firm DeFi Development Corporation (ticker DFDV) is spinning up a Dogwifhat validator node on the Solana blockchain and partnering with the memecoin's community to share rewards.
DeFi Dev Corp and the Dogwifhat community will split staking income, MEV, and other validator rewards after deducting operational expenses, according to a Tuesday company release .
"In the near term, we are supporting the Dogwifhat community by operating a Solana validator, and longer-term, we plan to expand the relationship beyond that," DeFi Dev Corp Chief Investment and Chief Operating Officer Parker White told The Block in an email. "We have not yet publicly shared what the split on proceeds will be, but both parties will receive a portion of the after-cost revenue."
DeFi Dev Corp, previously known as Janover , kickstarted a Solana accumulation and treasury strategy in April after being acquired by former Kraken executives. The firm's collaboration with Dogwifhat aligns with a broader strategy of growing its “SOL per Share” metric, which is also boosted by Solana token acquisitions and a Solana staking operation.
"This collaboration represents the fusion of institutional-grade validator infrastructure and the cultural power of one of crypto’s most beloved communities," White said in the release. "Our goal is simple: maximize performance, maximize visibility, and help secure Solana, all while deepening our alignment with WIF and the broader community it represents."
DeFi Dev Corp, angling to become the " MSTR of Solana ," holds approximately 609,000 SOL , valued at $107 million. Shares of DFDV traded at $21.54 per share, down about about 12.7% on the day, Nasdaq data shows as of press time.
Dogwifhat (WIF) traded at $0.86 as of writing, jumping over 22% in value in the past 24 hours, The Block's Dogwifhat Price Page shows. The token recorded $711.4 million in trading volume in the past day and maintains a $861.3 million market cap. WIF is a memecoin represented by a Shiba Inu dog wearing a pink knitted beanie that was launched in November 2023 as Solana-based competitor to Dogecoin — it gained prominence after being promoted by high-profile crypto trader Ansem .
DDC previously inked a staking deal with Kraken that will see the exchange delegate a portion of its 4.5 million SOL holdings, worth about $500 million at the time, to DeFi Dev Corp validators.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI Capital Expenditure Faces a Dilemma: Accelerating Puts Pressure on Cash Flow, Slowing Down Undermines the Growth Narrative
Nomura Securities believes that the AI investment narrative is mired in an internal contradiction: if hyperscale cloud providers accelerate capital expenditures, their free cash flow will continue to be drained, raising doubts about the sustainability of financing; if they slow down, it would indicate a loss of confidence in AI demand and profitability expectations. Both paths lead to sell-offs. The crowded long positions accumulated during the AI agent boom in September have triggered large-scale stop-losses under negative catalysts, spreading to US Treasury bonds, exchange rates, and commodity markets, resulting in systemic deleveraging.
Amazon (AMZN.US) CEO: AWS cloud computing capacity is fully booked until 2027, and a large amount of capacity has already been committed by customers for 2028
On Friday, Jassy stated that with the growing demand for artificial intelligence (AI) infrastructure, Amazon AWS cloud computing capacity is virtually sold out through 2027, and a significant portion of 2028 capacity has also been pre-booked by customers.
AI trading collapse: Will Anthropic postpone its "Super IPO"? The "scheduled listing date" in mid-November is approaching.
The time window is extremely tight—according to SEC regulations, the S-1 filing must be submitted by next week at the latest, and prediction markets estimate the probability of a listing within the year at around 80%. The sell-off in the AI sector has cast a shadow over the listing prospects, and the previous plan to go public in September has already fallen through. Several market participants say that Anthropic may face pressure to delay its listing, but some analysts point out that the company's urgent need for capital may drive it to stick to the original plan.
Crypto prices
More
