Galaxy: Launches GOFR Onchain Financing Rate
Galaxy introduces GOFR, letting institutions borrow onchain credit at blended rates from Aave, Morpho and others with $100M first-loss backing and no wallets required.
SourceAnalysis
Galaxy launched GOFR, the Galaxy Onchain Financing Rate, giving institutions direct access to onchain credit without wallets, private keys or smart contracts. The firm blends rates across Aave, Morpho, Spark and Kamino, executes every position and posts up to $100M of its own capital as first-loss protection. This move simplifies institutional onchain credit access and blended DeFi borrowing rates for professional desks seeking optimized financing in 2026.
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