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ETHZilla Plans to Allocate $100 Million into EtherFi for Restaking

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by Giorgi Kostiuk

4 hours ago

ETHZilla, a Nasdaq-listed firm, is set to make a significant step into decentralized finance by allocating $100 million from its Ethereum holdings.

Liquid Restaking Strategy

ETHZilla plans to deploy funds into EtherFi's liquid restaking protocol to generate higher yields while reinforcing Ethereum's network security.

Details of ETHZilla's Investment

The planned allocation of $100 million represents nearly a quarter of the company's total holdings of 102,246 ETH, marking its first engagement with decentralized finance protocols.

Expert Opinions on DeFi Impact

‘Their commitment highlights the growing institutional confidence in decentralized protocols and showcases a truly unique method of bridging traditional finance with the innovative power of the Ethereum ecosystem,’ said EtherFi CEO Mike Silagadze.

ETHZilla's allocation of funds to the EtherFi protocol represents a significant move for the company and showcases the increasing interest of institutional investors in decentralized finance.

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