Mooncake Selects DeFi Development Corp.’s dfdvSOL Liquid Staking Token to Power Its Next-Generation 10xSOL Leveraged Market

Core Insights - DeFi Development Corp. has announced that its liquid staking token, dfdvSOL, will serve as the underlying asset for Mooncake's upgraded 10xSOL leveraged market, replacing the legacy SOL token [1][2] Company Overview - DeFi Development Corp. (Nasdaq: DFDV) has a treasury strategy focused on accumulating and compounding Solana (SOL), providing investors with direct economic exposure to SOL while participating in the growth of the Solana ecosystem [4] - The company operates its own validator infrastructure, generating staking rewards and fees from delegated stake, and is actively engaged in decentralized finance (DeFi) opportunities [4] Mooncake Platform - Mooncake is a permissionless onchain market for leveraged tokens and yield-bearing funding assets, utilizing a dual-vault leveraged token system that splits the value of an underlying asset into a leveraged position and a funding position [7][8] - The upgrade to dfdvSOL as the core collateral enhances yield, stability, and scalability while maintaining the same 10x SOL exposure for users [2][8] - The new 10xSOL market is designed to provide amplified price exposure without liquidation risk, while also allowing funding providers to earn fees on top of an asset that accrues staking yield [7][8]