SharpLink Deploys $400 Million ETH to Ether.fi and Lido
Prefer us on GoogleSharpLink (SBET) has deployed a total of $400 million in ETH to two liquid staking protocols, Ether.fi and Lido, aiming to enhance the yield efficiency of its ETH treasury. According to a plan announced in August, SharpLink intends to stake $200 million in ETH through Lido and receive wstETH, with the related assets being custodied by Anchorage Digital. Another portion of the funds is deployed through Ether.fi to the Linea network under Consensys, collaborating with EigenCloud for re-staking to obtain DeFi yields and incentives. SharpLink is one of the largest enterprise-level ETH holders globally, advocating for Ethereum ecosystem applications. This deployment continues its existing staking and re-staking strategy, further allocating treasury assets to institutional-grade DeFi products.
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