Daily Market Updates: SharpLink to stake about $200M of Ethereum through Lido

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SharpLink to stake about $200M of Ethereum through Lido

The plan would route around 12% of SharpLink’s Ethereum holdings into Lido’s wstETH to earn yield while keeping assets usable in DeFi.

Reported · Written up by our desk · Ethereum

SharpLink said it plans to stake roughly $200 million worth of Ethereum through Lido using its wstETH staking token.

According to Decrypt, the move targets about 12% of SharpLink’s total Ethereum holdings, aiming to generate staking yield while leaving the staked position active for use in DeFi strategies.

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DecryptSharpLink Will Stake $200M of Ethereum Through Lido's wstETH

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SharpLink to stake about $200M of Ethereum through Lido

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