Sharplink and Galaxy to Launch $125M DeFi Yield Fund with Staked Ether
- Sharplink will contribute $100 million in staked Ether to the fund.
- The total size of the fund is set at $125 million.
- The initiative aims to provide institutions a way to earn yield from crypto holdings without selling ETH.
- Galaxy Digital will manage the fund, focusing on decentralized finance (DeFi) opportunities.
This collaboration underscores a growing trend among institutions seeking yield from their Ethereum assets while maintaining their positions in the cryptocurrency market. The fund’s structure is designed to leverage DeFi strategies for enhanced returns.
With Sharplink’s $100 million contribution, this fund represents a significant step in institutional engagement with DeFi, highlighting the demand for innovative financial solutions in the crypto space. (Source)
