DeFi Development Corp

dfdvSOL is a liquid staking token on Solana issued by DeFi Development Corp using Sanctum's single-validator stake pool technology. Deposited SOL is staked to a validator operated by DeFi Development Corp, and depositors hold dfdvSOL as the liquid receipt.

Stakers deposit SOL into the dfdvSOL stake pool and receive dfdvSOL, whose exchange rate against SOL rises as the underlying stake earns rewards. The pool takes a 2.5% epoch fee on staking rewards, and holders can redeem dfdvSOL through Sanctum for the underlying staked SOL plus rewards.

DeFi Development Corp is a Nasdaq-listed company (ticker DFDV) whose principal treasury asset is SOL. It operates the Solana validator that dfdvSOL stakes to.