Document

DeFi Development Corp., a Nevada corporation (the “Company”), initially filed Registration Statement No. 333-292254 on Form S-1 (together with all exhibits and amendments thereto, the “Registration Statement”) on December 18, 2025, with the Securities and Exchange Commission (the “Commission”) to register shares of the Company’s Variable Rate Series C Perpetual Preferred Stock (“Preferred Stock”) in an initial public offering of such series of Preferred Stock.

In accordance with Rule 477 under the Securities Act of 1933, as amended (the “Securities Act”), the Company hereby respectfully makes this application to withdraw the Registration Statement, effective as of the date hereof or at the earliest practicable date hereafter. The Company instead intends to file a prospectus supplement to its effective registration statement on Form S-3 to register the Preferred Stock. The Registration Statement never became effective and no securities have been issued or sold under the Registration Statement. Based on the foregoing, the Company submits that the withdrawal of the Registration Statement is consistent with the public interest and the protection of investors, as contemplated by Rule 477(a) under the Securities Act.

It is our understanding that this application for withdrawal of the Registration Statement will be deemed granted as of the date that it is filed with the Commission unless, within fifteen days after such date, the Company receives notice from the Commission that this application will not be granted.

The Company acknowledges that no refund will be made for fees paid to the Commission in connection with the filing of the Registration Statement. However, in accordance with Rule 457(p) under the Securities Act, the Company requests that all fees paid to the Commission in connection with the filing of the Registration Statement be available for future use to offset future filing fees.

If you have any questions or comments or require further information regarding this application for withdrawal of the Registration Statement, please contact Christopher Wassman at (206) 359-3807.


			Re:			DeFi Development Corp.
						Application for Withdrawal of Registration Statement on Form S-1
						File No. 333-292254


By:			/s/ Fei (John) Han
			Fei (John) Han
			Chief Financial Officer