DeFi Development (DFDV) announced a strategic partnership with Perena, a stablebank built to deliver high yield on stable assets on Solana. Through this partnership, DFDV will leverage its existing stablecoin reserves by minting Perena’s USD STAR stablecoin, capturing attractive yield while preserving capital stability. By placing part of its stable reserves into USD*, DeFi Development Corp expects to generate stablecoin-native yield, currently around 15% APY, serving as a new revenue stream. Earnings from this stablecoin yield will be used to cover operational expenses, facilitate share buybacks, and acquire additional SOL. This structure is designed to accelerate growth in the Company’s core metric, SOL Per Share, delivering long-term value to shareholders. As part of the partnership, DeFi Development Corp. also plans to participate in Perena’s points program, which rewards users based on their USD* holdings and platform activity. Points earned may provide access to potential future rewards.
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