The differentiation among ETH treasury companies is accelerating. According to @jason_chen998, while most peers still prefer a relatively conservative strategy of "holding coins" through exchange custody or native staking, @ETHZilla_ETHZ has begun to show a stronger DeFi strategic positioning.
ETHZilla is not simply relying on asset appreciation but is attempting to deeply bind its treasury with the Ethereum network, establishing an on-chain treasury management model that can be regarded as a "public company standard."
Recently, during a market downturn, ETHZilla chose to stake 10,600 $ETH (approximately 47 million USD) with @puffer_finance to strengthen treasury cash flow. The ReStaking mechanism provided by Puffer allows the treasury to earn additional returns beyond traditional staking yields, thereby enhancing the efficiency of asset utilization.
Among the current ETH treasury companies, ETHZilla is the most embracing of DeFi, not just raising funds and hoarding coins. Its main feature is the integration with the Ethereum network to create a benchmark for on-chain treasury management for listed companies. Currently, the other companies are mostly using native staking or exchange custody staking methods. However, ETHZilla announced yesterday, during such a sluggish market, that it staked 10,600 ETH worth 47 million USD to @puffer_finance, thereby enhancing its treasury's cash flow income. According to the official announcement, the reason for choosing Puffer is that through ReStaking, it can achieve higher returns, and the validator guarantee mechanism as low as 2 ETH can ensure security.
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