[Crypto Market Maker GSR Commits $100 Million to On-Chain Credit Business Hare] According to Deep Tide TechFlow on October 7, as reported by CoinDesk, cryptocurrency trading and market-making giant GSR has pledged $100 million to the new on-chain credit business Hare. This multi-year commitment will primarily be provided in the form of credit lines, aimed at injecting initial liquidity into the products. Hare is an on-chain vault creation and management platform jointly developed with liquidity distribution platform Turtle. It will initially launch two products based on the lending protocol Aave: Hare USD Earn, which supports mainstream USD stablecoins, and Hare Gold Earn, developed in collaboration with Paxos Labs, which supports earning yields on Paxos' tokenized gold products PAXG and PAXGy. This business primarily focuses on collateral evaluation, counterparty risk, and position performance under market stress in the on-chain credit layer, catering to the needs of institutional investors for allocating digital and tokenized assets.