DeFi Development Corp.'s CHAD Reaches Par Just Seven Weeks After Launch
DeFi Development Corp.'s Series C perpetual preferred (CHAD) closed at $10.00 on October 26, reaching par just 48 days after its September 8 trading debut. Reaching par supports the company's plan to use CHAD as a scalable, non-dilutive capital source for Solana accumulation, and comes ahead of the annualized dividend rate stepping up from 13.00% to 14.00% on November 2, 2026.
Key figures
- Days to par
- 48
- Closing price
- 10
- Stated amount
- 10
- Trading debut
- 2026-09-08
- Par reached on
- 2026-10-26
- New dividend rate
- 14.00%
- Current dividend rate
- 13.00%
- Dividend increase effective
- 2026-11-02
AI analysis
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