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Galaxy and SharpLink jointly launch $125 million DeFi fund
Golden Finance reports, citing Forbes, that crypto financial company Galaxy announced it will jointly launch a $125 million DeFi fund, the “Galaxy SharpLink Onchain Yield Fund,” together with Ethereum vault company SharpLink. The fund will focus on high-yield strategies such as on-chain lending and liquidity provision. The fund is expected to go live within the next few weeks. SharpLink will contribute $100 million from its ETH reserves, Galaxy will invest $25 million, and Galaxy will serve as the exclusive fund manager, responsible for protocol selection, position allocation, and risk management.