GalaxyOne debuts a multi-collateral crypto lending product, enabling users to access liquidity against BTC, ETH, and SOL holdings without selling their assets or risking rehypothecation.
Solana can be used as collateral and earn staking rewards, making it more attractive for holders.
GalaxyOne's new credit line allows borrowing against Bitcoin, increasing utility and liquidity for BTC holders.
Ethereum is one of the eligible collateral assets, with staked ETH support planned, boosting its use case.
GalaxyOne expands its retail platform with a multi-asset crypto credit line, potentially attracting new customers.
GalaxyOne has introduced a new retail credit product allowing investors to borrow up to $2 million against Bitcoin, Ethereum, and Solana holdings. The platform offers an initial 50% loan-to-value ratio with rates starting at 8.99%, positioning the service as a secure, non-rehypothecated alternative to decentralized finance lending protocols.
GalaxyOne maintains a liquidation threshold at a 75% loan-to-value ratio, at which point the firm may sell collateral to cover the loan.
Unlike many DeFi protocols, GalaxyOne does not rehypothecate collateral, meaning pledged assets remain in secure custody and are not lent out to third parties.