DeFi Development boosts CHAD dividend to 14% amid push to grow Solana holdings

DeFi Development is increasing the dividend rate on its CHAD preferred stock to 14% from 13%, using proceeds from CHAD sales to expand its Solana treasury holdings. The move signals continued institutional appetite for accumulating SOL exposure through a yield-bearing vehicle. Traders may view the higher dividend as a sign of confidence in Solana's ecosystem, though the direct market impact is limited given the company's niche size.