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.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
SOL broke below 80 USDT, with a 24-hour decline of 3.45%.
Gate News reports that on March 29, market data shows that SOL has dropped below 80 USDT, currently priced at 79.95 USDT, with a 24-hour decline of 3.45%.
GateNews49m ago
Solana Spot ETFs Record First Weekly Outflows Since February
US Solana spot ETFs experienced $4.24 million in net outflows this week, ending a prolonged streak of positive inflows that began in February 2026. This marks the first negative flow since the funds launched in late 2025, raising questions about future investor interest.
LiveBTCNews1h ago
Base58 Labs’ BASIS 2026 Blueprint Forges a New Standard for BTC, ETH, SOL & PAXG
[PRESS RELEASE – London, UK, March 17th, 2026]
New roadmap positions BASIS as an institutional-grade digital asset management platform built for macro volatility, tokenized safe-haven demand, and frictionless Web3 onboarding.
Base58 Labs today unveiled the BASIS 2026 Technical Blueprint &
CryptoPotato3h ago
Solana Holds Near $93 as Weak Volume Clouds Breakout Outlook
Key Insights
Solana trades near $93 within a narrow range as neutral indicators and weak volume highlight indecision and limit conviction in short-term price direction.
Key resistance near $94.81 and support around $81.78 define the range, with breakouts likely to trigger stronger
CryptoNewsLand6h ago
Solana Slips Below Key Support as ETF Flows Turn Negative
Key Insights:
Solana fell below a six-week trendline, shifting focus toward 85 dollars support and a potential move to $67.44 if weakness continues
Exchange outflows reached over 39 million dollars in three days, signaling reduced sell pressure while also tightening liquidity during price v
CryptoNewsLand6h ago
