GSR has committed $100 million, mainly as credit lines, to launch Hare, an on-chain vault business built with Turtle that treats credit as a dedicated line of business and will use GSR capital as anchor liquidity. Hare’s initial offerings are Aave-powered: Hare USD Earn aggregates major USD stablecoins into a single vault for yield, and Hare Gold Earn targets Paxos tokenized gold (PAXG and PAXGy) with Paxos Labs participating.
GSR’s recent strategic moves—March 2026 acquisitions of Autonomous and Architech for $57 million, Cayman registrations, and acquiring a FINRA-registered broker-dealer—are noted as relevant to how Hare may structure deposits, counterparty and collateral assessment, and the involvement of outside investors. Opening dates for the vaults have not been announced.