Galaxy launches GOFR, an on-chain lending product for institutions
Foresight News reports that Galaxy has launched its on-chain lending product GOFR for institutions, targeting institutional investors, high-net-worth individuals, and qualified investors. The minimum loan amount is 1 million US dollars, and it offers flexible loan structures and terms.
Galaxy integrates floating lending rates from leading on-chain lending protocols including Aave, Morpho, Spark, and Kamino, and dynamically blends them into a single continuously rebalancing rate. Clients interact directly with Galaxy without needing to interface with individual protocols. Galaxy handles the funding, execution, and servicing of each transaction and monitors collateral within set limits. Counterparties can deposit native Bitcoin as collateral directly into Galaxy, without needing to conduct cross-chain or wrapping operations themselves.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
UK 10-Year Bonds Auction Today: May Hammer at 5.41%, Auction Yield Could Hit Highest Level Since 1999
The yield on UK 10-year government bonds has reached 5.41%, the highest level in 19 years, and the £4.25 billion auction cost is the highest since 1999.
Worse than 2008? Outside the AI bubble, the new fund supported by "The Big Short" Michael Burry targets risks in private credit.
While Wall Street is busy searching for signs of a bubble in AI stocks, a new hedge fund connected to 'Big Short' Michael Burry is turning its attention to another potentially more dangerous area—private credit.
Tesla approved to launch autonomous driving software in Croatia
The euro is approaching its yearly low against the US dollar: hit by energy shocks and European political risks, it has fallen about 2% this month.
The resilience of the euro against the U.S. dollar is being tested by energy prices and political risks.
Crypto prices
More
