Sharplink to deploy $200M of ETH on Linea to unlock DeFi yields
The Nasdaq-listed company will allocate 5.6% of its $3.57 billion Ether treasury through ether.fi and EigenCloud on Linea, marking one of the largest corporate DeFi deployments to date.
SharpLink Gaming has announced plans to deploy $200 million worth of Ether (ETH) from its corporate treasury onto Consensys’ Linea network.
The company said the multi-year initiative will use Linea’s zkEVM layer-2 infrastructure to generate onchain yield and increase the efficiency of its ETH holdings. According to Tuesday’s press release, the strategy aims to capture “highly competitive, differentiated, risk-adjusted ETH-denominated returns.”
SharpLink plans to generate yields from staking, restaking rewards earned by helping secure EigenCloud’s decentralized verification services (AVSs), and incentives from Linea and ether.fi — a decentralized liquid staking and restaking protocol.