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SharpLink to Stake $200M of Ethereum Through Lido

CryptoProwl +1 ·

SBET
SBET Sharplink Inc
$6.26 -0.95%
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  1. 1SharpLink (SBET) announced that it will allocate $200 million of its Ethereum treasury assets to Lido liquid staking.
  2. 2The ETH will be staked via Lido to receive wstETH, custodied at Anchorage Digital, while maintaining staking rewards and DeFi liquidity.
  3. 3CEO Joseph Chalom described the move as an expansion that makes ETH more productive and a diversification of the treasury.

This 3-line summary is compiled from the report below.

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