SharpLink Plans $200M ETH Deployment on Consensys’s Linea Over Multiple Years
SharpLink plans a multi-year deployment of $200 million in ETH onto Consensys' Linea using ether.fi and EigenCloud for yield generation.Summary
SharpLink Gaming announced plans to deploy $200 million in Ether (ETH) onto Consensys’s Linea Layer 2 network over several years. This phased, risk-managed program aims to make the company's ETH treasury more productive by seeking on-chain yield.
The strategy involves combining native ETH staking returns with institutional-grade offerings from ether.fi for staking and restaking. Furthermore, SharpLink expects incentives from Linea and partner programs, including rewards from EigenCloud for securing services like AI workloads that inherit Ethereum's security.
Custody and execution will be managed by Anchorage Digital Bank, ensuring a controls-first approach suitable for a public company. Joseph Lubin, Consensys founder and SharpLink's chairman, supported the move, noting Linea's goal to enhance ETH productivity. SharpLink also outlined a broader roadmap with Consensys to develop capital-markets primitives on Linea.
(Source：CoinDesk)