The product offers U.S. users a variable 8.99% APR with a 50% loan-to-value ratio on BTC, ETH, and SOL collateral.
Galaxy Digital launched a crypto-backed revolving credit line for eligible U.S. retail clients, allowing borrowing against Bitcoin, Ethereum, and Solana without selling assets. The GalaxyOne Crypto Portfolio Line of Credit charges an 8.99% variable APR and caps loans at 50% of collateral value, meaning $100,000 in crypto secures about $50,000 in credit.
The product operates in 40 states and does not rehypothecate pledged assets, ensuring collateral remains unused for other lending. Staked SOL continues earning rewards while serving as collateral. Draws fund instantly and can be accessed as USD or USDC stablecoins.
GalaxyOne monitors collateral values continuously, issuing warnings before any liquidation actions if asset values decline.