$100M sounds huge but don't rush to label it TVL yet.
GSR's commitment to Hare is mostly a multi-year credit line — they're planning to deploy it as anchor liquidity into the product. First Aave vaults will cover USD stablecoins + Paxos tokenized gold. Launch date? Still TBA.
When institutional capital moves onchain, the bottleneck isn't creating another yield venue. It's who's willing to put their own money in first, then actually map out collateral, counterparty risk, and stress scenarios. That's the real alpha.
#DeFi #RWA
GSR's commitment to Hare is mostly a multi-year credit line — they're planning to deploy it as anchor liquidity into the product. First Aave vaults will cover USD stablecoins + Paxos tokenized gold. Launch date? Still TBA.
When institutional capital moves onchain, the bottleneck isn't creating another yield venue. It's who's willing to put their own money in first, then actually map out collateral, counterparty risk, and stress scenarios. That's the real alpha.
#DeFi #RWA