World Liberty Financial (WLFI) has been rapidly establishing itself as one of the dominant firms in the crypto sphere.
Its latest activity which includes staking Ethereum highlights the company’s push deeper into the DeFi segment.
World Liberty Financial almost becoming a household name in the crypto segment thanks to its close association with President Trump.
It has thus been on the spotlight with the market keeping close tabs on its activities.
WLFI has been aggressively accumulating ETH and recent reports revealed that it is staking a significant amount of its ETH holdings.
It reportedly swapped 2,221 ETH into stETH which it then staked on Lido Finance.
Source: X
The staked ETH was worth over $5 million and it underscores the firm’s widening scope of involvement in the DeFi space.
The company’s decision to stake ETH reflects efforts beyond just holding crypto.
It has been working towards securing passive opportunities in the decentralized finance segment.
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