Galaxy and Sharplink launch $125 million on-chain DeFi yield fund

ChainCatcher News, according to Forbes, Novogratz's Galaxy and Ethereum treasury company Sharplink have announced a partnership to launch the "Galaxy Sharplink Onchain Yield Fund" with a total size of $125 million, which is expected to officially launch within weeks. Of this, $100 million comes from Sharplink's Ethereum treasury, and $25 million is provided by Galaxy's own funds. Galaxy will serve as the fund's exclusive manager, responsible for protocol selection, position management, and risk control. The fund will mainly focus on active DeFi strategies such as lending and liquidity provision, with a targeted annual yield of over 10%.