SharpLink ETH Treasury Splits $400M Between Lido and Ether.fi

SharpLink has moved part of its existing ETH treasury into Lido and Ether.fi. Some of the company’s income now comes from incentives paid by protocols seeking liquidity. The exact split between the two protocols has not been confirmed onchain. Staking tokens carry write-downs that are not reversed when ETH recovers. SharpLink ETH reserves worth roughly $400 million are now deployed across the liquid staking protocol Lido and the restaking platform Ether.fi, the Nasdaq-listed Ethereum treasury company chaired by Ethereum co-founder Joseph Lubin said on October 19.

Source: Crypto News Flash