Galaxy Rolls Out GOFR, Institutional-Grade Onchain Borrowing Rates

Galaxy has introduced GOFR (Galaxy Onchain Financing Rates), a program that grants institutions, high-net-worth individuals, and accredited investors access to on-chain borrowing rates without needing to interact with wallets or smart contracts.

GOFR aggregates financing rates from four established lending protocols: Aave, Morpho, Spark, and Kamino. This eliminates the need for manual rate comparisons across multiple DeFi platforms, making it easier for institutions to navigate the complex world of decentralized finance.

The program has a minimum loan size of $1 million, with flexible loan terms that can be negotiated according to each client's needs. Galaxy is committing up to $100 million of its own capital to back these positions.