Solana treasury-focused public company DeFi Development Corp. has launched a dedicated Dogwifhat (WIF) validator node on the Solana blockchain in partnership with the Dogwifhat community.

The new arrangement will see staking income, block rewards, and maximal extractable value (MEV) split between DeFi Dev Corp. and the Dogwifhat community.

The initiative is part of DeFi Dev Corp.’s broader strategy to grow its “SOL per Share” metric by accumulating and compounding Solana, as well as through validator operations and staking. 

This story is an excerpt from the Unchained Daily newsletter.

The firm, formerly known as Janover, was taken over by a group of former Kraken executives and rebranded to DeFi Development Corp. in April, shifting its focus to Solana and decentralized finance.

It operates its own Solana validator nodes and has tokenized its Nasdaq-listed stock on the blockchain under the symbol DFDV.