Morningstar

DeFi Development Shares Rise After Partnership With Hylo

Provided by Dow Jones

By Chris Wack 




  DeFi Development shares were 15% higher, at $6.16, after the company entered into a partnership with Hylo to improve onchain yield across portions of DeFi's digital-asset treasury and participate in Hylo's points-incentive program. 



  DeFi, with a treasury strategy built to accumulate and compound the cryptocurrency Solana, on Monday said it will deploy select assets into Hylo's yield products, which it says are designed to optimize returns through onchain mechanisms native to the Solana ecosystem. 



  The Boca Raton, Fla., company expects to accrue Hylo points, which it says could provide incremental upside. 



  DeFi said proceeds from this deployment are expected to be used in its capital-allocation framework, including funding operating expenses, supporting additional Solona accumulation, and potentially contributing to stock repurchases. 



  Solana was recently trading at $135.90, up 3.3% in the prior 24 hours. 





  Write to Chris Wack at chris.wack@wsj.com 





  (END) Dow Jones Newswires



  January 05, 2026 11:18 ET (16:18 GMT)


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