Dogwifhat Gets Its Own Validator on Solana! DeFi Dev Corp Promises Staking Rewards for the Community

Fintech company DeFi Development Corporation (DFDV), formerly known as Janover, has just launched its own validator node on the Solana blockchain—and it’s not just a technical move. As part of a strategic partnership with the popular Dogwifhat (WIF) memecoin, the firm plans to share staking and validator rewards with the WIF community. According to a press release, DeFi Dev Corp and the Dogwifhat community will split the revenue generated by the validator—including staking, MEV (maximal extractable value), and other rewards—after operational costs are deducted. “We haven’t publicly disclosed the revenue-sharing split yet, but both sides will receive a portion after costs,” said Parker White, COO of DeFi Dev Corp.

The company was acquired this spring by former Kraken executives and has since pursued a strategy to strengthen its presence in the Solana ecosystem. Partnering with WIF aligns with its goal of growing the “SOL per share” metric—measuring how much SOL the firm holds relative to its publicly traded shares.

Validator + Memecoin = A New Trend? The aim is to combine institutional-grade infrastructure with the cultural power of one of crypto’s most vibrant communities. “We want to enhance Solana’s security, boost visibility across the ecosystem, and deepen our ties with the WIF community,” said White. DeFi Dev Corp currently holds over 609,000 SOL, worth approximately $107 million, and aspires to become the “MicroStrategy of Solana”—a public company strongly aligned with a specific cryptocurrency.

Dogwifhat Keeps Rising Dogwifhat (WIF)—a memecoin symbolized by a Shiba Inu in a pink knitted hat—is currently trading at around $0.86, up more than 22% in the past 24 hours. Daily trading volume exceeded $711 million, with a market cap of approximately $861 million. Launched in November 2023 as a playful but ambitious alternative to Dogecoin, WIF gained momentum after being endorsed by influential crypto trader Ansem. In a previous move, Kraken delegated part of its massive 4.5 million SOL holdings (worth roughly $500 million) to DeFi Dev Corp, further validating the company’s reputation in staking and validator operations.

#dogwifhat , #WIF , #solana , #memecoin , #defi

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