Galaxy Blends DeFi Rates Across Aave, Morpho, Spark in Institutional Lending Push

Galaxy Digital has launched a fully managed crypto lending program for institutions and high-net-worth individuals, called Galaxy Onchain Financing Rate (GOFR). This product gives borrowers exposure to rates from major onchain lending protocols while keeping Galaxy as their sole counterparty.

The GOFR blends variable borrowing rates across several onchain protocols into an optimized rate. Galaxy will source, execute, and monitor positions across DeFi venues, while clients interact only with Galaxy.

Borrowers can post native Bitcoin directly as collateral, with Galaxy handling any wrapping required to access onchain liquidity. The minimum loan size is $1 million, with flexible terms and durations.

Galaxy's head of lending Max Bareiss said, 'Institutions have been clear: the opportunity in onchain credit is real, but the infrastructure required to access it directly isn’t something they want to build or own.'