According to TechFlow, on December 4, DeFi Development Corp. (NASDAQ: DFDV), a SOL treasury company, announced a strategic partnership with Perena, a stable bank built on the Solana blockchain, to generate yield from its stablecoin reserves, as reported by Investing.com.
The company plans to use a portion of its existing stablecoin holdings to mint Perena’s USD STAR (USD) stablecoin, which is expected to generate an annualized yield of approximately 15%. These returns will be used for operating expenses, stock buybacks, and the purchase of additional Solana (SOL) tokens.
DFDV CEO Joseph Onorati stated: “This partnership adds a new dimension to our treasury management, allowing us to generate meaningful yield from stable reserves while focusing on enhancing the core mission of SPS.”
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SOL treasury company DeFi Development Corp. has partnered with Perena to generate yield from stablecoin reserves.
According to TechFlow, on December 4, DeFi Development Corp. (NASDAQ: DFDV), a SOL treasury company, announced a strategic partnership with Perena, a stable bank built on the Solana blockchain, to generate yield from its stablecoin reserves, as reported by Investing.com.
The company plans to use a portion of its existing stablecoin holdings to mint Perena’s USD STAR (USD) stablecoin, which is expected to generate an annualized yield of approximately 15%. These returns will be used for operating expenses, stock buybacks, and the purchase of additional Solana (SOL) tokens.
DFDV CEO Joseph Onorati stated: “This partnership adds a new dimension to our treasury management, allowing us to generate meaningful yield from stable reserves while focusing on enhancing the core mission of SPS.”