Solana – related firms have recently taken a series of actions in the aspects of staking, treasury, and compliance:
Staking: DeFi Development Corp. (NASDAQ: DFDV) has integrated liquid staking token (LST) technology into its treasury operations. It uses a custom LST called DFDV Sol, which is built using infrastructure from Sanctum. This makes DeFi Dev Corp the first publicly traded company to hold LSTs on Solana. Users can delegate Sol to DeFi Dev validators and receive DFDV Sol in return. They can also use DFDV Sol in DeFi/CeFi apps or redeem it for Sol through Sanctum. The use of LSTs allows the company to earn rewards on staked Sol without sacrificing liquidity, thus improving capital efficiency.
Treasury: Some Solana – related firms may be adjusting their treasury strategies. For example, DeFi Dev Corp. aims to maximize its proprietary metric, Sol per share (SPS), through the integration of LSTs. This indicates that companies are focusing on optimizing the value and utilization of their Solana – based assets to enhance the overall financial health and performance of the enterprise.
Compliance: Although there is no specific compliance – related news mentioned in the given information, in general, as the cryptocurrency industry is increasingly regulated, Solana – related firms are likely to be strengthening their compliance efforts. They may be working on meeting regulatory requirements regarding anti – money laundering (AML), know – your – customer (KYC) policies, and other aspects to ensure legal and compliant operations. For example, they might be cooperating with relevant regulatory authorities, improving internal compliance management systems, and enhancing the transparency and traceability of transactions to avoid potential legal risks.
In addition, the Solana ecosystem is also developing in other aspects. For example, the development team is actively working on network upgrades, such as the upcoming Token – 22 launch, aiming to add more functionalities to the SOL token. Solana has also secured partnerships with major players in the financial industry, such as Franklin Templeton, which launched its $1.5 – trillion – AUM fund on the Solana blockchain. These developments will help Solana enhance its competitiveness and influence in the blockchain market.
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