Sharplink Stakes ¥300 Billion in Ethereum on Linear Platform

According to Sharplink, the firm will leverage EtherFi, EigenLayer, and Anchorage to conduct institutional staking and restaking on the Linea Layer-2 network, aiming to maximize rewards and incentives.

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Summary

Sharplink announced a ¥30 billion Ethereum deployment in an on-chain strategy targeting the Layer-2 Linea network. The company will partner with EtherFi, EigenLayer, and Anchorage to execute institutional staking and restaking operations, seeking both native rewards and direct incentives. This official release highlights Sharplink’s intent to engage with advanced Ethereum protocols and Layer-2 technology in collaboration with established staking infrastructure providers.

Terms & Concepts
  • Ethereum Staking: The process of locking up Ethereum in a blockchain protocol to support network operations and earn rewards.
  • Layer-2 Network: A secondary framework built on top of a blockchain to improve scalability and transaction speed while leveraging the security of the main chain.
  • Restaking: Reusing staked assets to secure additional protocols or services, often for extra rewards.