DeFi Dev Corp launches $300M CHAD treasury to buy Solana

DeFi Dev Corp announced this week it has created a $300 million treasury denominated in its CHAD token to acquire Solana’s native token, SOL, on public markets. The fund will also support liquidity for CHAD pairings and protocol activities that use SOL.

Company representatives said the treasury is valued at $300 million at launch and will execute market purchases of SOL over time rather than in a single trade. The firm stated the approach aims to limit market disruption by spreading buys across multiple transactions. The company did not disclose a detailed purchase schedule or the full funding sources behind the treasury.

The CHAD-denominated reserve is intended to increase DeFi Dev Corp’s exposure to the Solana ecosystem and to provide liquidity for token operations. The treasury will be available to support functions that rely on SOL, including staking and fee payments tied to the company’s DeFi products.

The firm said purchases will follow market rules and internal risk controls designed to reduce excessive price swings and preserve treasury value. DeFi Dev Corp plans to work with liquidity partners and use execution strategies to minimize slippage, but it has not published a full operational playbook for the program.

Market participants noted that a $300 million purchase program carried out over weeks or months can affect SOL liquidity and price discovery, particularly in thin market conditions.

No changes to CHAD governance, vesting or supply were announced. The company added that treasury holdings will be subject to standard corporate oversight and periodic reporting to token holders, and that any adjustments to tokenomics will be communicated through its regular channels.

Solana is a layer‑1 blockchain that supports smart contracts, decentralized applications and high-throughput transactions. SOL is used for transaction fees and as a staking asset to help secure the network.