Sharplink Stakes $200m of ETH Through Lido, Holds wstETH at Anchorage
70 pts · High·The Fintech Times·3w ago · Oct 4, 18:00 UTC·1 min read
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Sharplink, a Nasdaq-listed company, has staked $200 million worth of ETH through Lido, a popular liquid staking platform. This move enables Sharplink to earn native yield while maintaining liquidity and ensuring institutional custody of its assets, as it holds wrapped staked ETH (wstETH) at Anchorage.
Key takeaways
- ▸Sharplink staked $200 million in ETH through Lido for liquid staking.
- ▸The company's strategy is to earn yield while maintaining asset liquidity.
- ▸Sharplink holds its staked ETH in the form of wstETH at Anchorage for custody.
Why this matters
This step enhances Sharplink's asset management capabilities, allowing it to generate yield without sacrificing liquidity. By partnering with recognized platforms like Lido and Anchorage, Sharplink strengthens its position in the competitive crypto treasury space, appealing to institutional investors looking for secure yield-generating opportunities.
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