Nasdaq-listed SharpLink (SBET) says it has deployed a total of $400 million in ETH across liquid-staking protocols Ether.fi and Lido, with both allocations now active. According to ChainCatcher, the company said the deployment is intended to improve returns on its ETH treasury. A plan announced in August called for staking $200 million in ETH through Lido in exchange for wstETH, with Anchorage Digital providing custody. The remaining funds were to be deployed through Ether.fi to Consensys’ Linea network, with EigenCloud participating in restaking to generate DeFi yields and incentives.