SharpLink to Deploy $200 Million in ETH on Linea via New Partnership
SharpLink will invest ¥30 billion in Ethereum via EtherFi, EigenLayer, and Anchorage for institutional staking and restaking on Layer-2 Linea, aiming for native rewards and direct incentives.
SharpLink announced it will deploy ¥30 billion worth of Ethereum in an on-chain strategy targeting the Layer-2 Linea network. Partnering with EtherFi, EigenLayer, and Anchorage, the firm will pursue institutional staking and restaking to generate native rewards and direct incentives. Assets will be managed under qualified custody through Anchorage, with EtherFi and EigenLayer supporting staking and restaking operations. The initiative reflects SharpLink’s continued focus on leveraging Layer-2 ecosystem benefits for institutional-grade digital asset strategies.
- Ethereum Staking: The process of locking up Ethereum to support blockchain operations while earning rewards in the form of ETH.
- Linea: A Layer 2 scaling solution for Ethereum, using zkEVM technology to enhance speed, reduce costs, and maintain compatibility with Ethereum.
- EigenLayer: A protocol enabling restaking of staked ETH to secure additional decentralized services and earn extra rewards.