SharpLink Gaming Stakes $170 Million ETH on Linea for Yield Optimization
- SharpLink Gaming staked $170 million worth of ETH on the Ethereum layer-2 network, Linea.
- The firm plans to stake up to $200 million on Linea to earn higher risk-adjusted yields.
- Shares of SBET rose by approximately 1.4% on Thursday, though they are down nearly 37% over the past six months.
- SharpLink’s treasury holds approximately $2.7 billion in ETH, all staked via custodians.
- The deployment will gain re-staking rewards from Eigen Cloud and incentives from EtherFi and Linea.
SharpLink Gaming has strategically staked a significant portion of its Ethereum holdings on the layer-2 network, Linea, aiming to optimize yield returns through various incentives and staking rewards beyond native yields.
This move highlights SharpLink’s commitment to enhancing its Ethereum treasury productivity while contributing to institutional-grade DeFi adoption.(Source)
