TechFlow, November 18 — According to Globenewswire, DeFi Development Corp. (Nasdaq: DFDV) has signed a letter of intent with Loopscale to deploy part of its SOL and stablecoin reserves into the lending protocol's ecosystem.
Under the agreement, DFDV will allocate funds to Loopscale’s treasury and lending markets to earn on-chain yields and participate in its points rewards program. Loopscale is an order-book-based lending protocol built on the Solana blockchain, reportedly holding over $100 million in deposits and having facilitated more than $2 billion in loan volume across over 200 assets. The protocol supports various credit structures, including fixed-rate term lending and structured credit products.
DFDV stated that the generated yields will support its stock buyback strategy and additional accumulation of Solana, aiming to drive growth in Solana Per Share (SPS).
