Solana
Galaxy Launches Crypto-Backed Credit Lines for Retail Clients
GalaxyOne clients can now borrow cash against Bitcoin, Ethereum, and staked Solana at 8.99% APR without liquidating holdings.
Galaxy has opened retail crypto-backed credit lines allowing clients to access cash loans secured by Bitcoin, Ethereum, and staked Solana. The service charges an annual percentage rate of 8.99%.
The product enables borrowers to retain ownership of their collateral assets while obtaining liquidity, avoiding the need to sell positions.
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