K3 Capital Announces Partnership with Galaxy and Accountable to Launch Institutional Yield Vault
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K3 Capital Announces Partnership with Galaxy and Accountable to Launch Institutional Yield Vault
K3 Capital announces a partnership with Galaxy and Accountable to launch an Institutional Yield Vault, bringing institutional OTC lending relationships on-chain. The product is deployed on the Monad network, uses AUSD as the settlement asset, and adopts a single-borrower model with Nasdaq-listed company Galaxy as the sole borrower. The initial size is 30 million AUSD, with a target total credit line of 100 million AUSD and a fixed annual interest rate of 7.5%.
Navigating Web3 tides with focused insightsTechFlow news, July 28, 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, uses AUSD as the settlement asset, and adopts a single-borrower model, with Nasdaq-listed company Galaxy as the sole borrower. The initial tranche size is 30 million AUSD, the target total credit line is 100 million AUSD, and the fixed annual interest rate is 7.5%.
