According to ChainCatcher, Nasdaq-listed company SharpLink (SBET) has deployed a cumulative $400 million in ETH to two liquid staking protocols: Ether.fi and Lido. The company confirmed that both funds have been actively invested to enhance the yield efficiency of its ETH treasury. As previously announced in August, SharpLink plans to stake $200 million in ETH via Lido, receiving wstETH, with the associated assets held in custody by Anchorage Digital. The remaining funds have been deployed through Ether.fi to Linea, a network under Consensys, and in collaboration with EigenCloud to participate in restaking, thereby capturing DeFi yields and incentives. SharpLink is among the world’s largest corporate ETH holders and has long advocated for Ethereum ecosystem adoption. This deployment continues its established staking and restaking strategy, further allocating treasury assets into institutional-grade DeFi products.
SharpLink Allocates $400M in ETH to Ether.fi and Lido for Staking
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Summary
SharpLink (SBET) has deployed $400 million in ETH to Ether.fi and Lido for staking, according to ETH News. The funds are intended to enhance yield efficiency for its ETH treasury. In August, the company planned to stake $200 million in ETH via Lido, with assets held by Anchorage Digital, while the remainder was allocated to Ether.fi for DeFi yields on Linea, in partnership with EigenCloud. As the ETH update shows, SharpLink continues to allocate its treasury to institutional-grade DeFi products.
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