[Galaxy Launches Institutional On-Chain Financing Program GOFR, Commits $100 Million for First-Loss Protection] Odaily Planet Daily News: Digital asset financial institution Galaxy has officially launched its institutional-grade on-chain financing program GOFR (Galaxy On-Chain Financing Rate). This product helps institutional clients indirectly access the DeFi on-chain credit market, with Galaxy serving as the sole counterparty. It integrates interest rates from leading lending protocols such as Aave and Morpho to deliver a single optimized financing cost. Galaxy has initially committed up to $100 million of its own capital as first-loss protection to reduce clients' borrowing risks. The service supports native Bitcoin directly as collateral, eliminating the need for clients to manage wallets, private keys, or interact with smart contracts. Galaxy handles the entire process, including risk control and asset monitoring. The product is open to institutions, high-net-worth individuals, and qualified investors, with a minimum loan size of $1 million per transaction. Galaxy's Head of Lending stated that GOFR addresses the operational and risk control challenges institutions face when entering the on-chain credit market, balancing on-chain financing returns with a standardized risk mitigation mechanism. (galaxy)