ETHZilla Raises $425M to Build Ethereum Yield Curve
ETHZilla, formerly 180 Life Sciences, has closed a $425 million PIPE financing led by investors such as Harbour Island, Electric Capital, Polychain Capital, GSR, Omicron Technologies, and Lido. In an exclusive interview, incoming chairman McAndrew Rudisill outlines ETHZilla’s strategy to build a true Ethereum yield curve. The firm will deploy proprietary staking, lending, liquidity provisioning, and private on-chain contracts to generate superior returns, aiming to shape the Ethereum yield curve across varying risk bands. A DeFi Council will provide non-binding advisory input on treasury deployment, while Electric Capital serves as independent asset manager. Sticking to an Ethereum-only treasury—eschewing altcoin diversification—ETHZilla believes Ethereum’s intrinsic yield, upcoming real-world asset tokenization, and rising transaction volume will drive ETH price appreciation. Despite robust ETF inflows and corporate adoption fueling ETH’s rally, the firm refrains from a specific year-end price target, emphasizing long-term network growth. ETHZilla’s governance and funding model prioritize transparency and accountability as it pioneers a novel path in DeFi yield generation.
Bullish
ETHZilla’s $425 million PIPE financing and exclusive focus on an Ethereum-only yield curve signal strong institutional confidence and capital inflows into ETH. By deploying proprietary staking, lending, liquidity provisioning, and real-world asset tokenization strategies, the firm aims to unlock new yield opportunities and boost network usage. Similar initiatives—such as Lido’s staking protocol launch—previously accelerated ETH staking adoption and supported price appreciation. In the short term, announcement of large-scale funding and DeFi Council advisory may spur increased ETH demand as traders anticipate higher on-chain yields. Over the long term, establishing transparent governance and a sustainable yield curve could cement Ethereum’s role as a core yield-generating network, reinforcing bullish sentiment and attracting further institutional capital.