Galaxy Unveils GOFR, Crypto Lending Product Aggregating DeFi Rates from Aave and Morpho

According to The Block, Galaxy Digital unveiled GOFR (Galaxy Onchain Financing Rate), a new managed crypto lending product that aggregates borrowing rates from Aave, Morpho, Spark, Kamino, and other DeFi protocols on Tuesday. The product blends those protocols' variable rates into an optimized single rate for institutions and high-net-worth individuals. Galaxy will manage wallets, private keys, and smart contract interactions, while users can post native bitcoin directly as collateral.

The minimum loan size is $1 million with flexible terms. Galaxy committed up to $100 million of its own capital as first-loss protection and deployed circuit breakers to pause deployments if thresholds are breached. The company will publish the GOFR rate publicly, with 7-day and 30-day averages serving as reference points for onchain financing across USDC, USDT, and ETH. Coinbase launched a similar managed lending service in 2024, originating over $1 billion in onchain loans within eight months.