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@defidevcorp plans $20M CHAD Stock offering to buy more SOL

  • @defidevcorp plans to offer CHAD Stock and use proceeds to acquire more SOL.
  • The offering could raise up to $20 million and pay a 13% annual dividend daily.
  • @defidevcorp identified additional SOL purchases as the planned use of proceeds.

@defidevcorp, a Solana treasury company, plans to raise up to $20 million through an offering of CHAD Stock. The stock will pay a 13% annual dividend through daily payments, with proceeds earmarked for acquiring more SOL, Solana's native cryptocurrency.

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