PANews reported on May 29 that according to GlobeNewswire, Nasdaq-listed company DeFi Development Corp (code: DFDV) announced that it has adopted the Liquidity Staking Token (LST) technology developed by Sanctum, becoming the first listed company to invest in Solana Liquidity Staking Tokens. The company invested part of its SOL reserves in dfdvSOL, which represents the staked assets entrusted to the DeFi Dev verification node.

dfdvSOL operation mechanism: Users pledge SOL to obtain dfdvSOL tokens, which can be used in DeFi/CeFi applications or redeemed through the Sanctum protocol. The chief investment officer of DeFi Dev said that this move will promote the verification node business into the field of liquidity staking and enhance the company's participation in the Solana ecosystem.