Galaxy blends Aave, Morpho and other DeFi rates in new GOFR crypto borrowing product
The Block·
60-second summary
Galaxy is launching a new GOFR crypto borrowing product, blending rates from Aave, Morpho, and other DeFi protocols. As the sole intermediary, Galaxy will connect accredited borrowers with blockchain-based lending protocols, offering a streamlined experience. This move aims to simplify borrowing for institutional investors, potentially increasing adoption of DeFi lending services.
Galaxy will act as the sole intermediary between the accredited borrowers and the blockchain-based lending protocols.