ETHZilla Invests $100M in EtherFi’s Liquid Restaking Protocol

ETHZilla, a Nasdaq-listed firm, has made its foray into decentralized finance (DeFi) by investing a significant portion of its Ethereum treasury ($100 million) in EtherFi’s liquid restaking protocol. This marks the company’s first engagement with DeFi protocols and reflects a growing trend of institutional players embracing the potential of Ethereum. The move aims to generate higher yields while simultaneously bolstering Ethereum’s security, highlighting the increasing sophistication of corporate treasury strategies.