Galaxy Digital Unveils GOFR Crypto Lending Program

Galaxy Digital has launched its fully managed crypto lending program called GOFR (Galaxy Onchain Financing Rate) for institutions, high-net-worth individuals, and accredited investors. This product aggregates rates from various DeFi protocols like Aave, Morpho, Spark, Kamino, and others to provide a single borrowing rate.

The company commits up to $100 million of its own capital as first-loss protection. Users can borrow exclusively with Galaxy Digital as the counterparty, eliminating the need for direct interaction with smart contracts or onchain wallets.

The minimum loan size is set at $1 million, and clients may offer native Bitcoin as collateral. Galaxy Digital will handle the wrapping process. The company aims to publish the GOFR rate publicly, providing a benchmark for onchain financing in USDC, USDT, and ETH.