DeFi Development has opened an ATM program for up to 30 million CHAD preferred shares, representing $300 million at the $10 stated amount. CHAD starts with a 13% annual dividend rate, which would amount to $39 million a year if all 30 million shares were issued and the rate stayed unchanged. https://cryptoslate.com/solana-treasury-giant-defi-development-opens-300m-chad-offering-backed-by-a-massive-13-dividend-catch/