Overview
- DeFi Development announced on Oct. 15, 2026 that it will increase the annual dividend on its Nasdaq‑listed Variable Rate Series C preferred stock (CHAD) from 13.00% to 14.00%, with the new rate effective Nov. 2, 2026.
- CHAD is a perpetual, non‑convertible preferred security whose dividends are variable, cumulative, and payable each business day when declared by the company’s board.
- The company says proceeds from expanded CHAD sales will fund additional SOL purchases and compounding in its treasury, which it supports with staking and validator operations.
- DeFi Development has reported roughly 2.586 million SOL and equivalents in its treasury, has an at‑the‑market framework to issue more CHAD (public reporting cited capacity up to $300 million), and the board has authorized a CHAD repurchase program aimed at achieving a $10 stated amount.
- Investors should watch how quickly the company issues new CHAD, whether CHAD trades near its $10 stated amount, and changes in SOL prices or staking returns because those factors will affect dividend support and common‑share economics.