K3 Capital announced a partnership with Galaxy and Accountable to launch the Institutional Yield Vault, bringing institutional OTC lending relationships on-chain. The product is deployed on the Monad network, with AUSD as the settlement asset, operating under a single-borrower model where Galaxy, a Nasdaq-listed company, is the sole borrower. The initial size is $30 million AUSD, with a target total credit limit of $100 million AUSD and a fixed annualized interest rate of 7.5%.
K3 Capital Launches Institutional Yield Vault with Galaxy and Accountable on the Monad Network
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Summary
K3 Capital has launched an Institutional Yield Vault on the Monad network in collaboration with Galaxy and Accountable. The product uses AUSD as the settlement asset and features a single-borrower model, with Galaxy as the sole borrower. The initial size is 30 million AUSD, with a target of 100 million AUSD and a fixed annualized rate of 7.5%. This initiative supports institutional adoption and follows a recent network upgrade on Monad.
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