According to Forbes, cryptocurrency financial company Galaxy has announced a partnership with Ethereum treasury firm SharpLink to launch a $125 million DeFi fund called the 'Galaxy SharpLink Onchain Yield Fund,' focusing on high-yield strategies such as on-chain lending and liquidity provision. The fund is expected to go live in the coming weeks, with SharpLink contributing $100 million from its ETH reserves and Galaxy contributing $25 million. Galaxy will serve as the exclusive fund manager, responsible for protocol selection, position allocation, and risk management.
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