Crypto trading giant GSR's new vault business is a $100M bet on onchain credit

Key Summary

Crypto trading giant GSR is making a significant investment in onchain credit with its new vault business, valued at $100 million. This move signals a growing interest in decentralized lending and credit platforms within the cryptocurrency space. By leveraging its existing expertise in trading, GSR aims to tap into the vast potential of onchain credit, which is expected to play a crucial role in the development of decentralized finance (DeFi) ecosystems.