Sharplink Stakes $200M in ETH Through Lido to Boost Yield

TL;DR

• Sharplink is staking $200 million of ETH through Lido, receiving wstETH held with Anchorage Digital while the underlying assets continue earning staking rewards.
• Lido has roughly $16.5 billion of ETH staked, while wstETH integrates with more than 100 protocols and has about $10 billion used as collateral.
• The allocation extends Sharplink’s staking and restaking strategy, aiming to combine ETH exposure, liquidity, DeFi composability and additional onchain yield within its treasury.

Sharplink is putting another $200 million of its Ethereum treasury to work through Lido, adding liquid staking to a strategy already built around staking and restaking. The company will receive wrapped staked ETH, or wstETH, representing staked ETH and its associated rewards, while Anchorage Digital will provide custody. The notable shift is that Sharplink is seeking higher treasury productivity without giving up liquidity. By using wstETH, the company can remain exposed to ETH, continue earning staking rewards and gain access to additional decentralized finance opportunities across Ethereum. This expands its already active onchain yield program.

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