Key Takeaways
- SharpLink has allocated $170 million worth of Ethereum on Linea, a zkEVM Layer 2 network, to enhance yields.
- The strategy leverages a combination of native Ethereum yields, restaking rewards via EigenLayer, and additional incentives from Linea and EtherFi.
SharpLink has deployed $170 million in ETH on Linea, a zkEVM Layer 2 network built on Ethereum, using what the company calls a first-of-its-kind enhanced yield strategy.
The deployment combines native Ethereum yield, restaking rewards from EigenLayer, and direct incentives from both Linea and EtherFi, a staking and restaking protocol.
Anchorage Digital, an institutional-grade qualified 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. “That’s the SharpLink edge.”
Source: https://cryptobriefing.com/sharplink-deploys-170m-in-eth-with-enhanced-yield-linea/