Galaxy and Sharplink Launch $125 Million On-chain DeFi Yield Fund

Galaxy and Sharplink have announced a partnership to launch the Galaxy Sharplink Onchain Yield Fund, a $125 million on-chain DeFi yield fund. The fund will be managed by Galaxy, which will be responsible for protocol selection, position management, and risk control.

The fund's assets come from two sources: $100 million from Sharplink's Ethereum treasury and $25 million from Galaxy's own funds. The fund is expected to officially launch within weeks.

The fund will focus on active DeFi strategies such as lending and liquidity provision, with a targeted annual yield of over 10%. This investment opportunity aims to provide high returns for investors in the rapidly growing DeFi market.