Sharplink will stake $200 million worth of ETH through Lido
Source:
www.b2i.us
Nasdaq-listed Ethereum treasury company Sharplink announced that it will stake $200 million worth of ETH through the Ethereum liquid staking protocol Lido to enhance the yield capability of its ETH assets. Sharplink stated that following this staking, the company will receive wrapped staked ETH (wstETH) representing the staked ETH and its yields, which will be custodied by institutional-grade digital asset custodian Anchorage Digital. This arrangement will further expand Sharplink's existing ETH staking and restaking strategies.