{"id":90408,"date":"2025-10-29T12:18:53","date_gmt":"2025-10-29T10:18:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=90408"},"modified":"2025-10-29T11:20:17","modified_gmt":"2025-10-29T09:20:17","slug":"sharplink-to-allocate-200-million-in-eth-to-linea-based-defi-protocols","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/sharplink-to-allocate-200-million-in-eth-to-linea-based-defi-protocols\/","title":{"rendered":"SharpLink to Allocate $200 Million in ETH to Linea-Based DeFi Protocols"},"content":{"rendered":"<p>SharpLink Gaming intends to allocate $200 million in ETH within the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-layer%e2%80%912-solution-in-blockchain\">L2<\/a> ecosystem of Linea by ConsenSys. The funds will be drawn from the firm&#8217;s Ethereum reserves. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">NEW: SharpLink plans to deploy $200M of <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> on <a href=\"https:\/\/twitter.com\/LineaBuild?ref_src=twsrc%5Etfw\">@LineaBuild<\/a> through a collaboration with <a href=\"https:\/\/twitter.com\/ether_fi?ref_src=twsrc%5Etfw\">@ether_fi<\/a>, <a href=\"https:\/\/twitter.com\/eigenlayer?ref_src=twsrc%5Etfw\">@eigenlayer<\/a>, and <a href=\"https:\/\/twitter.com\/Anchorage?ref_src=twsrc%5Etfw\">@Anchorage<\/a>.<\/p>\n<p>Through this partnership, SharpLink will now access enhanced <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>-denominated yield from:<\/p>\n<p>\u2014 Native staking yield<br \/>\u2014 Direct incentives from Linea and\u2026 <a href=\"https:\/\/t.co\/1bRXO1vZ6l\">pic.twitter.com\/1bRXO1vZ6l<\/a><\/p>\n<p>\u2014 SharpLink (SBET) (@SharpLinkGaming) <a href=\"https:\/\/twitter.com\/SharpLinkGaming\/status\/1983142790524743806?ref_src=twsrc%5Etfw\">October 28, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWe are confident that ETH will become the settlement layer for the global financial system and are building the infrastructure for this future,\u201d the statement reads. <\/em><\/p>\n<\/blockquote>\n<p>The long-term strategy aims to achieve a \u201ccompetitive, diversified, and risk-adjusted yield\u201d in the second-largest cryptocurrency by market capitalization. SharpLink plans to generate this through <a href=\"https:\/\/forklog.com\/en\/news\/what-is-staking-and-how-to-make-money-from-it\">staking<\/a> and <a href=\"https:\/\/forklog.com\/en\/news\/what-is-restaking-and-how-to-make-money-from-it\">restaking<\/a> via the EigenCloud AVS protocol, as well as through incentive payments from Linea and the ether.fi protocol.<\/p>\n<p>Asset management will be overseen by custodian Anchorage Digital Bank. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cEthereum forms the programmable foundation for next-generation financial markets. Linea&#8217;s mission is to transform ETH from a mere tool into a productive asset, growing in value with each new operation,\u201d noted ConsenSys founder Joseph Lubin. <\/em><\/p>\n<\/blockquote>\n<p>Currently, SharpLink ranks as the second-largest holder of Ethereum among public companies, possessing 859,400 ETH valued at $3.4 billion. <\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"292\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-d682784a61acbc79-8122176399858418-1024x292.png\" alt=\"image\" class=\"wp-image-268443\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-d682784a61acbc79-8122176399858418-1024x292.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-d682784a61acbc79-8122176399858418-300x86.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-d682784a61acbc79-8122176399858418-768x219.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-d682784a61acbc79-8122176399858418-1536x438.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-d682784a61acbc79-8122176399858418.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Top 10 largest ETH holders among public companies. Source: <a href=\"https:\/\/www.strategicethreserve.xyz\/\">Strategic ETH Reserve<\/a>. <\/figcaption><\/figure>\n<p>The firm&#8217;s plans include accumulating 5% of the total supply of the leading altcoin. <\/p>\n<h2 class=\"wp-block-heading\">Who Else Has Entered DeFi?  <\/h2>\n<p>SharpLink is not the only company opting to use <a href=\"https:\/\/forklog.com\/en\/news\/what-is-decentralised-finance-defi\">DeFi<\/a> for managing its reserves. In early September, ETHZilla <a href=\"https:\/\/www.prnewswire.com\/news-releases\/ethzilla-plans-to-deploy-100-million-in-eth-to-etherfi-for-restaking-initiatives-302543423.html\">allocated<\/a> $100 million in cryptocurrency through the ether.fi platform.<\/p>\n<p>In February, the non-profit Ethereum Foundation <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-foundation-allocates-120-million-to-defi-protocols\">invested<\/a> 45,000 ETH in decentralized protocols, including Spark and Compound. <\/p>\n<p>Centralized exchanges have also joined the new trend. Earlier, Coinbase <a href=\"https:\/\/x.com\/MorphoLabs\/status\/1968708776992669836\">partnered<\/a> with the lending service Morpho, while Crypto\u2024com <a href=\"https:\/\/blog.cronos.org\/p\/cronos-morpho-cryptocom-collaboration\">announced<\/a> the integration of this DeFi platform into its Cronos blockchain. <\/p>\n<p>In September, decentralized finance protocols <a href=\"https:\/\/forklog.com\/en\/news\/defi-protocols-generate-600-million-in-september\">earned<\/a> $600 million from fees, with <a href=\"https:\/\/forklog.com\/en\/news\/what-is-uniswap-uni\">Uniswap<\/a> leading the way. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>SharpLink Gaming plans to allocate $200 million in ETH within the L2 ecosystem of Linea by ConsenSys. The funds will be drawn from the firm&#8217;s Ethereum reserves.<\/p>\n","protected":false},"author":1,"featured_media":90409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"SharpLink Gaming to allocate $200 million in ETH to Linea's L2 ecosystem.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[246,1093,46,1574],"class_list":["post-90408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-consensys","tag-defi","tag-ethereum","tag-linea"],"aioseo_notices":[],"amp_enabled":true,"views":"130","promo_type":"1","layout_type":"1","short_excerpt":"SharpLink Gaming to allocate $200 million in ETH to Linea's L2 ecosystem.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=90408"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90408\/revisions"}],"predecessor-version":[{"id":90410,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90408\/revisions\/90410"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/90409"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=90408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=90408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=90408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}