SharpLink Gaming says it will consider staking part of its $3.6 billion Ethereum treasury on the Layer‑2 network Linea once Linea reaches mainnet on September 10. The treasury firm — co‑led by Joseph Chalom — told Decrypt it currently stakes nearly all of its ETH with custodians but plans to diversify staking strategies to pursue higher, risk‑adjusted yields.
Chalom said SharpLink has been using a mix of native staking and liquid staking tokens through custodians such as Anchorage and Coinbase. As Linea boots up, the firm will evaluate Linea‑based staking, liquidity provision and other delegation options that could improve returns without sacrificing its top priority: capital preservation.
SharpLink is a member of the Linea Consortium, a group overseeing a large portion of the network’s token distribution aimed at bootstrapping on‑chain projects. Linea is developed by ConsenSys, whose chairman Joe Lubin also sits on SharpLink’s board — a link Chalom says aligns incentives to support Ethereum and its Layer‑2 ecosystem.
Exact amounts of ETH SharpLink might bridge to Linea, and the mechanics for generating yield there, remain undecided. Chalom emphasised a cautious approach: “we’ll walk before we run,” testing native and liquid staking options — including participation with protocols like Liquid Collective — while balancing risk and return.
Risk considerations include bridge and smart‑contract vulnerabilities, custodian exposures, and token price volatility. For readers, the development signals growing institutional interest in L2 staking opportunities and could influence ETH demand if large treasuries allocate assets off‑chain.
Source: Decrypt. Read the original coverage for full details.
