Crypto trading firm GSR has committed $100 million to support Hare, a new business focused on on-chain treasury products, with the funding set to be provided mainly through credit lines. Hare is working with liquidity platform Turtle to create and manage on-chain vaults. Its initial rollout will feature vaults supported by the lending protocol Aave, giving investors a way to earn yield through major U.S. dollar stablecoins and Paxos’ tokenized gold product. GSR will also provide anchored liquidity for the offering. The development was reported by CoinDesk and cited by Odaily.
Crypto trading firm GSR has committed $100 million to fund Hare, with the capital to be provided mainly through credit lines.
Hare is partnering with liquidity platform Turtle to create and manage on-chain vaults. In its initial phase, Hare plans to launch vaults supported by the lending protocol Aave, allowing investors to earn yield through major U.S. dollar stablecoins and Paxos’ tokenized gold product. GSR will provide anchored liquidity.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
