DeFi Development Raises CHAD Dividend to 14% as Solana Treasury Strategy Expands
Photo: Crypto Economy
DeFi Development Corp. is raising the annual dividend rate on its CHAD preferred stock from 13% to 14%, effective November 2, as it seeks to scale a financing structure tied to its Solana treasury strategy. The company announcement says the new rate equals $1.40 in annual dividends per share on CHAD’s $10 stated amount, up from $1.30 previously. For investors following Solana , the change increases CHAD’s stated income rate while keeping the security linked to DeFi Development’s broader SOL accumulation strategy.
Source: Crypto Economy
