SharpLink Deploys $400M Across Ether.fi and Lido

The disclosure is notable less for the allocation itself than for what it leaves out: SharpLink confirms the capital is "deployed" but gives no split between Ether.fi and Lido, no yield terms, and no reconciliation with the earlier August plan, which specified Lido plus wstETH held with Anchorage. That gap matters because the two venues carry different liquidity and counterparty profiles, and treasury-style ETH staking is increasingly judged on exactly those distinctions. The open question is whether SharpLink provides a fuller breakdown of venue, custody and returns, or whether the market is left to infer the structure from future disclosures.