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DeFi Development Corp. Announces Strategic Partnership with Perena to Leverage USD* Stablecoin Yield for SPS Growth
BOCA RATON, FL, Dec. 04, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company” or “DeFi Dev Corp.”), the first US public company with
About this update from Defi Development Corp.
[{"type":"text","content":"BOCA RATON, FL, Dec. 04, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company” or “DeFi Dev Corp.”), the first US public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced a strategic partnership with Perena, a stablebank built to deliver high yield on stable assets on Solana. Through this partnership, DFDV will leverage its existing stablecoin reserves by minting Perena’s USD STAR (USD*) stablecoin, capturing attractive yield while preserving capital stability. By placing part of its stable reserves into USD*, DeFi Development Corp expects to generate stablecoin-native yield, currently around 15% APY, serving as a new revenue stream. Earnings from this stablecoin yield will be used to cover operational expenses, facilitate share buybacks, and acquire additional SOL. This structure is designed to accelerate growth in the Company’s core metric, SOL Per Share (SPS), delivering long-term value to shareholders.As part of the partnership, DeFi Development Corp. also plans to participate in Perena’s points program, which rewards users based on their USD* holdings and platform activity. Points earned may provide access to potential future rewards.“We are excited to partner with Perena and take advantage of their innovative stablecoin yield protocol,” said Joseph Onorati, Chief Executive Officer of DeFi Development Corp. “This collaboration adds a new dimension to how we manage our treasury. It allows us to generate meaningful yield on our stable reserves, while staying focused on our core mission of growing SPS. In a fast-moving crypto market, this kind of diversified yield generation helps us stay resilient and capitalize on upside.”Perena is a decentralized financial protocol on Solana that offers USD*, a yield-bearing digital dollar. USD* is fully collateralized and earns yield from diversified, real sources such as delta-neutral strategies and secured borrow-lend market positions. Its value grows automatically, making it a simple, secure way to save on-chain. Through the integration, DFDV will continue to mint USD* using a portion of its stable reserves, thereby diversifying and boosting its yield on its stablecoin holdings.For those interested in maximizing stablecoin yield, earning Perena points toward potential future rewards, and supporting DeFi Dev Corp’s m...