Thinking Crypto News & Interviews
Institutional Adoption Just Hit a Turning Point! | Max Bareiss
July 28, 2026
AI Summary
5 min read"One of our hottest products has been the collar loan," says Max Bareiss, head of lending at Galaxy, describing a structure that lets institutions borrow at 0% APR during a bear market. The mechanism is straightforward: the borrower sells a call option and buys a put option, creating downside protection that eliminates margin calls entirely. "It's a non-recourse loan because you have the put protection," Bareiss explains. This product, along with two new launches, reveals how institutional crypto lending is evolving beyond simple collateralized loans into sophisticated instruments that mirror traditional finance while solving for crypto-specific risks like 24/7 volatility and regulatory uncertainty.
The New On-Ramp: Galaxy's "Gopher" Rate
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What you'll learn
- 1 (01:06) **Guest Introduction & Background** - Max Bareiss, Head of Lending at Galaxy, joins from the Injective Policy Summit in Washington, DC.
- 2 (02:10) **Bear Market Lending Trends & the Collar Loan** - Max identifies the most popular product during the bear market and why.
- 3 (02:40) **New Product Launches: Galaxy On-Chain Financing Rate (GOPHER)** - A new product that bridges institutions to DeFi without direct interaction.
- 4 (03:25) **New Product Launches: $500M Warehouse Facility with Grove** - A major capital facility to ramp up lending in the non-rehypothecated segment.
- 5 (04:00) **Institutional Hesitancy & DeFi Security** - Addressing the fear of exploits and how institutions view DeFi's current state.
- 6 (05:28) **Regulation's Impact on Crypto Lending** - How the Clarity Act (or similar regulation) will affect the lending business specifically.
- 7 (06:12) **Who Uses Galaxy’s Lending Services?** - The types of institutions and the underwriting process.
+ Full timestamped outline available in the app
Show Notes
Max Bareiss, Head of Lending at Galaxy, sat down with me at the Injective Policy Summit to discuss the rapid growth of institutional crypto lending, Galaxy's digital asset services, and his outlook on the crypto market.
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⏰ Time Stamps ⏰
00:00 Intro
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#Crypto #TradFi #DeFi #CryptoNews #Cryptocurrency #Bitcoin #BTC #BitcoinNews #Ripple #XRP #XRPNews #Ethereum #EthereumNews #ETH #Solana #Solananews #money #investing #trading #Altcoin #Altcoins #Stablecoin #Tokenization #Podcast #ThinkingCrypto #news =================================================
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💡Get the (Re)Thinking Crypto Book on Amazon - https://www.amazon.com/dp/B0D2525DYX
🖥️ Learn Crypto with Expert Commentary - http://MyCryptoCourse.com
Sponsors:
🏦 Learn about iTrustCapital’s powerful Premium Custody Account (PCA) and tax-advantaged Crypto IRA platforms https://www.itrustcapital.com/go/thinkingcrypto iTrustCapital Representative: [email protected]
💹 Discover the power of staking and liquidity pools with FortisX. This platform provides easy and secure ways to earn passive income on your crypto assets.https://fortisx.fi/x/thinkingcrypto
🔐 Safely Store your Crypto with Trezor Hardware Wallets - https://affil.trezor.io/SHlz
🌟Uphold - Signup with Uphold. https://uphold.sjv.io/gbED4X Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.
🖥️ Sign up with Santiment to get quality crypto metrics - https://app.santiment.net/pricing?fpr=thinkingcrypto Get 25% discount with code THINKINGCRYPTO
📰 Sign up for the Free Thinking Crypto Weekly Newsletter https://thinkingcrypto.substack.com/
✅ Become a Channel Member - https://www.youtube.com/channel/UCjpkwsuHgYx9fBE0ojsJ_-w/join
🔥 Buy Merch & support the Podcast https://my-store-574b5b.creator-spring.com/
🧙♂️Merlin - http://tinyurl.com/MerlinTCYouTube “I am a Merlin partner and get compensated for purchases made through links in this content"this content"
Follow on social media:
➡️ X(Twitter) - https://x.com/thinkingcrypto
➡️ Facebook - https://www.facebook.com/thinkingcrypto/
➡️ LinkedIn - http://linkedin.com/company/thinking-crypto
➡️ Instagram - https://www.instagram.com/thinkingcrypto/
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➡️ Threads - https://www.threads.net/@thinkingcrypto
➡️ Website - https://www.ThinkingCrypto.com/
🔊 Listen to content on Apple Podcasts - https://podcasts.apple.com/us/podcast/thinking-crypto-news-interviews/id1458945676
🔊 Listen to content on Spotify - https://open.spotify.com/show/221AV5A65v7uYEsuMviVKl
💼Business Inquiries💼
[email protected]
⏰ Time Stamps ⏰
00:00 Intro
=================================================
#Crypto #TradFi #DeFi #CryptoNews #Cryptocurrency #Bitcoin #BTC #BitcoinNews #Ripple #XRP #XRPNews #Ethereum #EthereumNews #ETH #Solana #Solananews #money #investing #trading #Altcoin #Altcoins #Stablecoin #Tokenization #Podcast #ThinkingCrypto #news =================================================
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