May. 11 at 3:48 PM
Galaxy Digital (
$GLXY) and Sharplink (
$SBET) are teaming up for a
$125M Onchain Yield Fund. SBET is moving
$100M from its ETH treasury, while GLXY chips in
$25M as the manager. The strategy is pure DeFi play: compounding returns through liquidity protocols without dumping their core ETH position.
With
$GLXY showing strong momentum post-earnings and
$SBET leveraging its massive 872k+ ETH treasury, this partnership is a serious nod to institutional onchain finance. The tech setup looks interesting as institutional adoption hits the next level.
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