GSR backs Hare with up to $100M to build on-chain vaults

What's the deal? Crypto trading firm GSRDealroom has a profile for this one. Try Dealroom → has committed up to $100 million to fund HareDealroom has a profile for this one. Try Dealroom →, a new business developing on-chain vaults with liquidity platform Turtle. The commitment will come mainly through credit facilities.

What's the endgame? Hare and Turtle will build and manage the vaults, with GSR also providing anchor liquidity. The first products are planned around lending-based strategies.

Hare's initial offerings will be supported by AaveDealroom has a profile for this one. Try Dealroom → lending protocols. Investors will be able to use major US dollar stablecoins and Paxos' tokenised gold product to access yield through the vaults.

The signal: The arrangement pairs GSR's trading and liquidity operations with Turtle's infrastructure for on-chain products, a sign of trading firms moving deeper into yield-generating DeFi tooling.

Read more: tokenpost.com

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