DeFi Development (DSDV) Second Annual Centri Capital Conference summary

Strategic vision and Solana focus

• DFDV was founded to launch a digital asset treasury company focused on Solana, aiming to bridge traditional finance and DeFi.

• Chose Solana over Bitcoin due to its lower market cap, higher usage, and perceived undervaluation.

• Concentrated strategy on Solana to simplify investor education and maximize conviction in a single asset.

• Delivered approximately 600% equity returns since inception in April of the previous year.

• North Star metric is SOL per share growth, targeting one SOL per share by December 2028.

Differentiation and ecosystem participation

• Outperforms SOL by compounding exposure through active treasury management and ecosystem participation.

• Owns validator infrastructure, enabling staking and organic yield generation with low fixed costs.

• Organic growth allows for 8%-11% annualized treasury expansion, even without new capital.

• Diversifies on-chain deployments across multiple protocols to manage smart contract risk.

• More than 15% of treasury is deployed on-chain, with risk spread across several protocols.

Risk management and capital strategy

• Exercises common sense and expertise to avoid high-risk protocols and quickly adapt to market changes.

• Uses unsecured, low-coupon, five-year convertible debt to weather bear markets.

• Prefers intelligent leverage and is cautious about aggressive equity issuance at current valuations.

• Preferred equity offering is a top priority for future financing.