SharpLink Plans To Turn $200M ETH Into Staking Yield
Ethereum treasury platform, SharpLink (
@Sharplink), said, it will stake $200 million worth of ethereum:native through Lido (
@LidoFinance).
The Ethereum treasury firm will receive wstETH representing its staked ETH and rewards. Anchorage Digital will serve as custodian for the position.
Lido currently has about $16.5 billion in ETH staked through its protocol. wstETH is also integrated across more than 100 protocols.