Sharplink plans to stake roughly 12% of its total Ethereum holdings through Lido, earning yield while staying active in DeFi.

Sharplink reported a $394.3 million second-quarter loss as falling ether prices triggered more than $397 million in unrealized losses.

SharpLink plans to stake $200 million of ETH through Lido for wstETH, adding a DeFi-compatible token to its existing treasury staking mix.