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Galaxy to launch GOFR crypto borrowing product using DeFi rate markets
The Block says Galaxy will serve as the sole intermediary between accredited borrowers and the underlying lending protocols.
Galaxy is rolling out a new crypto borrowing product tied to DeFi rates, according to The Block.
The product, called GOFR, is designed to blend rates from Aave, Morpho, and other DeFi lending sources.
Under the setup described by The Block, Galaxy will act as the sole intermediary connecting accredited borrowers to the blockchain-based lending protocols.
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