Galaxy, Sharplink plan $125M institutional DeFi yield fund backed by ETH treasury
60-second summary
Galaxy and Sharplink are launching a $125 million institutional DeFi yield fund backed by the Ethereum treasury, with Sharplink contributing $100 million in staked Ether. This fund aims to provide institutions with a way to earn yield from their crypto holdings without selling their Ether, addressing a growing demand for yield-generating investment opportunities in the market.
Sharplink will contribute $100 million in staked Ether to a Galaxy-managed fund as institutions seek to earn yield from crypto holdings without selling ETH.