Galaxy and Sharplink will launch a $125 million DeFi yield fund, focusing on on-chain lending and liquidity strategies.

According to Mars Finance, on May 11th, Galaxy will partner with Ethereum reserve company Sharplink to launch a $125 million DeFi yield fund, the "Galaxy Sharplink Onchain Yield Fund." Sharplink will contribute $100 million of its ETH reserves, while Galaxy will contribute $25 million. Galaxy will act as the sole fund manager, responsible for protocol selection, position management, and risk control. The fund is expected to launch in the coming weeks. The report states that Sharplink currently holds approximately $2.1 billion in ETH reserves, all of which have been staked and deployed to protocols such as Linea, Ether.fi, and Liquid Collective to generate yields, accumulating approximately $44.6 million in returns since June 2025. Sharplink CEO Joseph Chalom stated that relying solely on the approximately 2.5% to 3.5% annualized return from ETH staking is insufficient to meet demand, and the company will further develop higher-yield strategies such as DeFi lending and liquidity provision, aiming for an annualized return of over 10%.