DeFi Development Corp. has teamed up with Gauntlet to launch advanced onchain yield strategies on the Solana-based Drift platform, aiming to enhance $SOL per share (SPS) growth. This partnership marks the company as the first public Solana Digital Asset Treasury to employ a curator for complex onchain activities. The initiative involves deploying $dfdvSOL into hedged liquidity provision strategies, targeting returns of 10–20%.
The company has seen its SPS increase by 94% over the past three months, reaching 0.0816, with a goal of achieving one $SOL per share by 2028. Additionally, DeFi Development Corp. has expanded its stock repurchase program to $100 million and acquired 250,000 $SOL, boosting its total treasury to 2.1 million $SOL.
DeFi Development Corp. Partners with Gauntlet for Solana Yield Strategies
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