DeFi Development shares rose 15% to $6.16 after its partnership with Hylo to improve onchain yield across portions of its digital-asset treasury and participate in Hylo’s points-incentive program. The company, which maintains a treasury strategy to accumulate and compound the cryptocurrency Solana, said it will deploy select assets into Hylo’s yield products designed to optimize onchain returns through onchain mechanisms native to the Solana ecosystem.
The Boca Raton-based firm expects to accrue Hylo points that could provide incremental upside. Proceeds from the deployment are expected to support its capital-allocation framework, including funding operating expenses, supporting additional Solona accumulation, and potentially contributing to stock repurchases. Solana was recently trading at $135.90, up 3.3% in the prior 24 hours.
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