DeFi Technologies to Launch Solana Nodes to participate in 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 Solana nodes as a part of its DeFi Infrastructure & Governance business line.
DeFi Technologies will contribute to the mission of the decentralized finance ecosystem by running Solana nodes, acting as an independent validator for the network. By processing transactions and participating in consensus, the Company will be supporting the growth and performance of the Solana network. In connection with running nodes, DeFi Technologies can receive rewards from securing transactions on Solana as well as for providing governance services such as voting on code changes and other upgrades to the globally decentralized network. In addition, the Company plans to participate in staking, thereby earning staking rewards, through its wholly owned subsidiary, Valour Inc.
Solana is a public blockchain protocol designed to host decentralized applications. The network is considered to be one of the fastest growing ecosystems in the crypto space, with more than 400 projects spanning DeFi, NFTs, Web3 and more.