Key takeaways
- SharpLink allocated $170 million worth of Ethereum on Linea, a zkEVM Layer 2 network, to improve returns.
- The strategy leverages a combination of native yields from Ethereum, takeover rewards through EigenLayer, and additional incentives from Linea and EtherFi.
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SharpLink deployed $170 million in ETH on Linea, a zkEVM Layer 2 network built on Ethereum, using what the company calls an enhanced yield strategy, the first of its kind.
The deployment combines the native yield of Ethereum, the staking rewards of EigenLayer, and the direct incentives of Linea and EtherFi, a staking and restaking protocol.
Anchorage Digital, a qualified institutional grade custodian, is the custodian of the assets.
“This is the most productive way to hold ETH with institutional-grade infrastructure,” SharpLink said via its official X account. “This is the advantage of SharpLink.”
