Core Viewpoint - DeFi Development Corp. has signed a non-binding Letter of Intent with Switchboard Technology Labs to explore a strategic collaboration aimed at enhancing data and oracle infrastructure for real-world asset initiatives on the Solana ecosystem [1][2] Group 1: Company Overview - DeFi Development Corp. is the first public company with a treasury strategy focused on accumulating and compounding Solana (SOL) [1] - The company provides investors with direct economic exposure to SOL while participating in the growth of the Solana ecosystem through holding, staking, and operating validator infrastructure [3] - DeFi Development Corp. engages in decentralized finance (DeFi) opportunities and seeks innovative ways to support Solana's expanding application layer [3] Group 2: Strategic Collaboration - The collaboration with Switchboard Technology Labs aims to build the necessary data and oracle infrastructure to support real-world asset initiatives [2] - The partnership emphasizes the importance of trusted, transparent, and verifiable on-chain data for unlocking tokenized assets on Solana [2] - Switchboard is recognized as a leading oracle solution within the Solana ecosystem, providing critical data feeds for various DeFi protocols [2] Group 3: Switchboard Technology Labs Overview - Switchboard Technology Labs develops infrastructure software and offers research and consulting services to facilitate the integration of real-world data into web3 [6] - The Switchboard protocol provides a suite of web3 services and an oracle network that enables developers to connect real-world data easily [6]

Core Viewpoint - DeFi Development Corp. has signed a non-binding Letter of Intent with Switchboard Technology Labs to explore a strategic collaboration aimed at enhancing data and oracle infrastructure for real-world asset initiatives on the Solana blockchain [1][2]. Company Overview - DeFi Development Corp. is the first public company with 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 [1][3]. - The company operates its own validator infrastructure, generating staking rewards and fees from delegated stake, and is actively engaged in decentralized finance (DeFi) opportunities [3]. Strategic Collaboration - The collaboration with Switchboard Technology Labs aims to develop custom oracle feeds for real-world asset pricing and data, implement real-time proof-of-reserve attestations, and explore joint go-to-market opportunities for RWA-related products [2][7]. - Switchboard Technology Labs is recognized as a premier oracle solution within the Solana ecosystem, providing mission-critical data feeds for various DeFi protocols [2][6]. Market Position - DeFi Development Corp. serves over one million web users annually, including multifamily and commercial property owners and developers, and is involved in billions of dollars of debt financing each year [5]. - The company’s data and software offerings are primarily provided on a subscription basis as Software as a Service (SaaS) [5].