The post SharpLink deploys $170M in ETH on Linea appeared on BitcoinEthereumNews.com. Key Takeaways SharpLink has allocated $170 million worth of Ethereum on LineaThe post SharpLink deploys $170M in ETH on Linea appeared on BitcoinEthereumNews.com. Key Takeaways SharpLink has allocated $170 million worth of Ethereum on Linea

SharpLink deploys $170M in ETH on Linea

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.

Source: https://cryptobriefing.com/sharplink-deploys-170m-in-eth-with-enhanced-yield-linea/

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