Important Investment Disclosures
Please review the following information before making an investment decision regarding CHAD.
Important Notice
CHAD is a variable-rate perpetual preferred stock issued by DeFi Development Corp. Investing in CHAD involves risks, including the possible loss of principal. Dividend payments are not guaranteed, and the dividend rate is subject to change.
CHAD is not a bank deposit and is not FDIC insured.
Investors should carefully review the applicable prospectus and DeFi Development Corp.’s SEC filings before investing.
Read the Prospectus (opens sec.gov in a new tab)Full Legal Disclaimer
DeFi Development Corp.’s Variable Rate Series C Perpetual Preferred Stock (CHAD) is not collateralized by DeFi Development Corp.’s SOL holdings and has only a preferred claim on residual assets. There is no guarantee of returns, liquidity, future performance or return of principal. CHAD is not a bank deposit, not FDIC insured, and lacks the protections of bank accounts, money market funds (or the 1940 Act), treasuries, or similar instruments.
CHAD’s current variable annualized dividend rate is 14.00% based on a $10 stated amount, effective November 2, 2026; trading price and effective yield may vary; not indicative of future rates; rate is subject to adjustment and may be significantly lower; dividends are not guaranteed.
This is not financial, tax, legal, or other advice; no tax representations. CHAD may not be suitable for every person.
DeFi Development Corp. has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents DeFi Development Corp. has filed with the SEC for more complete information about DeFi Development Corp. and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, DeFi Development Corp., any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-212-293-9090. The documents are also available at defidevcorp.com/disclaimer.
This communication contains forward-looking statements that involve risks and uncertainties, including changes in dividend policy, capital structure, SOL/digital-asset volatility, regulatory/accounting/tax changes, liquidity and cybersecurity risks, financing availability, and other risks described in our SEC filings. We undertake no obligation to update forward-looking statements except as required by law.
Understanding CHAD’s Dividend
| Attribute | Description |
|---|---|
| Security | Variable Rate Series C Perpetual Preferred Stock |
| Ticker | CHAD |
| Issuer | DeFi Development Corp. |
| Exchange | Nasdaq |
| Stated Amount | $10.00 per share |
| Initial Annualized Rate | 13.00% |
| Announced Annualized Rate | 14.00%, effective November 2, 2026 |
| Dividend Frequency | Each business day, when, as and if declared |
| Rate Structure | Variable |
| Dividend Guarantee | None |
| FDIC Insurance | None |
Dividend Rate and Payment Information
The stated annualized dividend rate is calculated using CHAD’s $10 stated amount, not necessarily the market price at which investors purchase shares.
The effective yield experienced by an investor may differ depending on the purchase price, applicable dividend rate, and actual dividend payments.
The dividend rate may change in accordance with the security’s governing terms.
Dividend payments are not guaranteed and remain subject to applicable declaration requirements.
Important Investment Risks
Dividend Risk
Dividend payments are not guaranteed. The dividend rate is variable and may be adjusted according to the security’s governing terms.
Principal Risk
Investors may lose some or all of their invested capital. There is no guarantee that CHAD will maintain its market value.
Market Price Risk
CHAD trades on Nasdaq, and its market price may fluctuate above or below its $10 stated amount.
Liquidity Risk
There is no guarantee that investors will be able to buy or sell CHAD at a desired price or time.
Issuer and Asset Risk
CHAD is an obligation of DeFi Development Corp. and is not directly collateralized by the company’s SOL holdings.
The company’s financial position may be affected by digital asset market conditions, including SOL price volatility.
Capital Structure Risk
CHAD holders have rights defined by the security’s governing documents. Their claims and priority relative to other securities and obligations should be understood before investing.
Regulatory and Tax Risk
Changes in securities regulation, digital asset regulation, accounting standards, and tax treatment could affect the company or the security.
No Government Insurance
CHAD is not a bank deposit, is not FDIC insured, and does not provide the protections associated with insured deposit accounts.
This section is a plain-language overview, not a replacement for the complete risk factors in the applicable prospectus and SEC filings.
SEC Filings & Offering Documents
- Prospectus Supplement — At-the-Market OfferingExternal link · sec.gov (opens in a new tab)Form 424B5, filed September 11, 2026. Covers the ongoing sale of CHAD shares.
- Prospectus Supplement — Initial OfferingExternal link · sec.gov (opens in a new tab)Form 424B5, filed September 8, 2026.
- Registration Statement (Form S-3)External link · sec.gov (opens in a new tab)Registration No. 333-295142, filed April 17, 2026. Includes the base prospectus.
- DeFi Development Corp. SEC FilingsExternal link · sec.gov (opens in a new tab)The company’s complete filing history on the SEC’s EDGAR system.
- DeFi Development Corp. Investor RelationsExternal link · defidevcorp.com (opens in a new tab)The company’s official investor relations website.
Investors should read the applicable prospectus and other SEC filings carefully before making an investment decision.
Information Regarding CHAD Advertisements
Advertisements concerning CHAD may contain abbreviated descriptions of the security, its dividend structure, or other investment characteristics. Such descriptions should be considered together with the complete disclosures, applicable prospectus, and SEC filings provided on this page.
CHAD involves investment risks, including potential loss of principal. Dividend payments are not guaranteed, and the dividend rate may change.
Nothing on this page constitutes personalized investment, legal, or tax advice.
Version 0.2 · Last updated November 5, 2026