DEFI DEVELOPMENT BOOSTS CHAD DIVIDEND TO 14% TO GROW SOLANA HOLDINGS

Summary from the TLDR Crypto newsletter

DeFi Development Corp. (DFDV) raised the annual dividend on its CHAD preferred stock from 13% to 14%, effective November 2, lifting the per-share payment to $1.40 from $1.30 on CHAD's $10 stated value. Proceeds from CHAD issuances fund the company's Solana treasury, which generates returns through staking and validator operations. DFDV added about 22,070 SOL the prior week, bringing total holdings to approximately 2.59 million SOL. CHAD reached record trading highs the same week, and the board authorized a program to repurchase up to all outstanding CHAD shares. CEO Joseph Onorati described the higher rate as a step toward building CHAD into a primary digital credit instrument, with the goal of broadening investor participation as the company scales its SOL accumulation strategy.