SharpLink Deploys $400 Million in Ether Across Ether.fi and Lido

SharpLink has deployed $400 million of its Ether (ETH) treasury through Ether.fi and Lido, putting a previously announced Lido staking allocation into operation alongside its Ether.fi position. SharpLink says it deployed $400 million across Ether.fi and Lido. Its August plan put $200 million of ETH through Lido, with wstETH held with Anchorage Digital. In August, SharpLink announced plans to stake $200 million of ETH through Lido and receive wrapped staked Ether, known as wstETH, for custody with Anchorage. Its latest statement identifies that Lido allocation as deployed.

Also reported by The Defiant, Coincu.

Source: TokenPost