SharpLink Gaming to Stake Ethereum on Linea Network for Higher Yields
- SharpLink Gaming plans to stake part of its $3.6 billion Ethereum holdings on the Linea network.
- The company currently stakes nearly all its Ethereum through custodians Anchorage and Coinbase.
- SharpLink has joined the Linea Consortium, which will manage the LINEA token launch.
- The mainnet launch of Linea is scheduled for September 10, with SharpLink exploring diversified staking opportunities.
- Joseph Chalom, co-CEO of SharpLink, emphasized the importance of supporting Ethereum-aligned projects like Linea.
SharpLink Gaming is set to diversify its staking strategy by exploring opportunities on the Ethereum layer-2 network, Linea, as it seeks higher yield avenues beyond traditional custodianship methods. The firm’s involvement in the Linea Consortium aligns with its strategy to support Ethereum-aligned projects and potentially boost Ethereum’s value.
With $3.6 billion in Ethereum holdings at stake, SharpLink aims to optimize yield while preserving capital through diversified staking strategies across platforms like Linea (Source).
