DeFi Development shares were 15% higher, at $6.16, after the company entered into a partnership with Hylo to improve on-chain yield across portions of DeFi’s digital-asset treasury and participate in Hylo’s points-incentive program. DeFi Development, with a treasury strategy built to accumulate and compound the cryptocurrency Solana, on Monday said it will deploy select assets into Hylo’s yield products. These products are designed to optimize returns through onchain mechanisms native to the Solana ecosystem.
The Boca Raton, Fla., company expects to accrue Hylo points, which it says could provide incremental upside. DeFi said proceeds from this deployment are expected to be used in 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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