The Defiant - DeFi Podcast Solana’s Rise as a Treasury Powerhouse: DeFi Development Corp’s Bold Strategy
Sep 9, 2025
Joseph Onorati, CEO of DeFi Development Corp, a leader in Solana treasury management, discusses his company's evolution and the unique advantages of Solana as a treasury asset. He explores innovative yield strategies, the risks of staking, and why crypto treasury companies are crucial in today’s market. Onorati boldly predicts Solana could surpass Ethereum by market cap, emphasizing its potential for growth and a superior user experience in blockchain applications. Tune in for insights on the future of crypto treasury management and Solana’s pivotal role in it.
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Solana Treasuries Still A Small Share
- Solana treasuries hold a much smaller share of SOL market cap than BTC/ETH treasuries, partly due to later and opportunistic entrants.
- DeFi Development Corp claims early commitment and expects the gap to narrow as more Sol-focused DATs launch.
ETFs Can Boost Treasury Liquidity
- ETFs and liquid public instruments increase tradable strategies and volume, which in turn enable larger ATM fundraises for treasury companies.
- Liquidity from ETFs helps create the volatility and flows DATs need to issue shares accretively.
Design Public Crypto Financial Products
- Public markets can rapidly create new crypto-denominated instruments; structure preferreds or convertibles to target different investor needs.
- Work with banks and counsel to launch tailored offerings quickly to reach broader allocators.