Superstate Launches Solana-Based DeFi Borrowing Against Tokenized Galaxy Digital Shares

The new utility lets eligible investors use tokenized Galaxy Digital shares as collateral on Solana through Kamino Finance to borrow USD Coin without selling the stock exposure.

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Summary

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Terms & Concepts
  • DeFi: Decentralized finance, a set of blockchain-based financial services that operate through smart contracts without traditional intermediaries.
  • Tokenized shares: Blockchain-based representations of equity shares that can be used in digital asset applications while tracking an underlying stock exposure.
  • Collateral: Assets pledged to secure a loan, allowing investors to borrow funds against holdings without selling them.