Galaxy Digital Unveils GOFR: A Single, Continuously Rebalanced Rate Across DeFi Venues

Galaxy Digital has launched GOFR (Galaxy Onchain Financing Rate), a fully managed crypto lending program aimed at institutions and high-net-worth clients. This innovative product aggregates rates from various DeFi protocols, including Aave, Morpho, Spark, and Kamino, to provide a single borrowing rate that is continuously rebalanced and optimized.

The company acts as the sole counterparty for borrowers, managing wallets, private keys, and smart contract interactions. Clients can also offer native Bitcoin as collateral, with Galaxy handling the wrapping process.

GOFR has a minimum loan size of $1 million, and the company commits up to $100 million of its own capital as first-loss protection. The initiative could help offset the difficult moment the company is navigating, having recorded a net loss of $216 million in the first quarter of 2026.

Max Bareiss, Galaxy's head of lending, stated that institutions have been clear about their interest in onchain credit, but lack the infrastructure to access it directly. The GOFR rate will be published publicly, with 7- and 30-day averages intended to serve as a benchmark for onchain financing in USDC, USDT, and ETH.