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DeFi Technologies to Launch Solana Nodes to participate in Network Governance and Staking -Breaking

by Mike Robinson

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DeFi Technologies launches Solana Nodes for Network Governance and Staking

DeFi Technologies Inc. (the “Company” or “DeFi Technologies“) (NEO: DEFI) (GR: RMJR) (OTC: DEFTF), a technology company bridging the gap between traditional capital markets and decentralized finance, announced today that it will deploy nodes as a part of its DeFi Infrastructure & Governance business line.

DeFi Technologies, which will operate Solana Nodes as independent validators for the network’s infrastructure, will help to further the mission of decentralized finance. The Company will support the performance and growth of Solana by processing transactions and taking part in consensus. DeFi Technologies may be rewarded for securing transactions through Solana and also providing governance services, such as voting in code changes or other improvements to the global decentralized network. The Company also plans to take part in stakes and earn staking rewards through Valour Inc, its wholly-owned subsidiary.

Solana is an open-source blockchain protocol for hosting decentralized applications. It is home to more than 400 projects, including NFTs and DeFi. Solana’s high performance and low fees continue to attract increasing developer and investor interest, with its native token SOL currently within the top ten cryptocurrencies in the world by market capitalization1, at USD $71.45 billion as of November 14.

“Running Solana nosdes is the natural next step in our ongoing engagement with the Solana ecosystem. We continue to play an active part in supporting DeFi’s growth and governance.”
Diana Biggs is the Chief Strategy Officer of DeFi Technologies.

DeFi Technologies announced recently that it would bring real-time pricing data for cryptocurrency to the Solana-based Pyth Network to increase DeFi market transparency. Investor demand for the Valour Solana ETP continues to be unprecedented. It is listed on Sweden’s NGM Stock Exchange. It is Valour’s fastest growing product to date, accumulating more than $50M USD in assets under management (AUM) in less than two months.

The DeFi Infrastructure & Governance business line seeks to actively participate in decentralized blockchain networks by running nodes that contribute to network security and stability, governance, transaction validation and overall decentralization. In doing so, DeFi Infrastructure & Governance strengthens the Company’s overall commitment to growing the DeFi ecosystem by supporting innovative projects and the new financial infrastructure which powers them.

DeFi Technologies and Valour: Learn More at defi.tech or valour.com.

FinancialNewsMedia.

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