Galaxy USDC Quality (Ethereum)

ETH:GUSDCQ Price

About Galaxy USDC Quality (gUSDCq)

Galaxy USDC Quality (gUSDCq) is a yield-bearing ERC-20 token representing a curated lending position in USDC-denominated markets on the Morpho Blue protocol.

• It provides users with exposure to interest earned from lending USDC against high-quality collateral assets such as Wrapped Bitcoin (WBTC) and Wrapped Staked Ether (WSTETH).
• The vault is actively curated by Galaxy, a global digital asset firm, which manages market whitelisting and risk parameters to optimize risk-adjusted returns.
• Built on the Morpho Blue protocol, the token utilizes an isolated lending architecture that separates the risk of different collateral markets from one another.

What Is Galaxy USDC Quality

Galaxy USDC Quality is a financial product designed to provide passive yield to USDC holders through institutional-grade curation. The project operates as a MetaMorpho vault, which is a layer built on top of the Morpho Blue lending protocol.

Value moves through the system when users deposit USDC into the vault, which then automatically supplies that capital to specific, whitelisted lending markets. Borrowers in these markets provide collateral (such as WBTC or WSTETH) and pay interest on their loans. This interest is collected by the vault and distributed to gUSDCq holders through share-price appreciation.

The gUSDCq token acts as a receipt for the deposited funds and any accrued interest. As the ecosystem grows, the curator can allocate capital across a broader range of isolated markets, maintaining yield efficiency and liquidity while managing the overall risk profile of the vault.

What Makes Galaxy USDC Quality Unique

• Institutional Curation: The vault is managed by Galaxy, bringing professional-grade risk management and market selection to the decentralized finance (DeFi) space.
• Isolated Risk Architecture: By using Morpho Blue, the vault isolates the risk of each lending market. This means that a liquidation event or technical issue in one specific collateral market does not directly impact the liquidity or safety of other markets within the same vault.
• ERC-4626 Compliance: The token follows the ERC-4626 standard for yield-bearing vaults, ensuring compatibility with a wide range of DeFi applications and simplifying integration for developers.

What Can You Use Galaxy USDC Quality for?

Galaxy USDC Quality is pegged to the US Dollar.

• Value retention: The asset allows users to hold a digital, on-chain representation of the US Dollar, which may reduce exposure to the volatility typically associated with the broader cryptocurrency market.
• Yield generation: The token accrues native yield from decentralized lending activities on the Morpho Blue protocol, where interest is paid by borrowers who provide overcollateralized backing.
• Cross-border settlement: gUSDCq can be used for international remittances and global trade, leveraging the Ethereum blockchain's infrastructure for frictionless, borderless value transfer.
• Collateralization: The token may be used as backing for other borrowing and lending protocols or as margin for decentralized derivatives, depending on its integration into the wider DeFi ecosystem.

How Does Galaxy USDC Quality Work?

Galaxy USDC Quality operates as a MetaMorpho vault, a smart contract that manages liquidity across multiple isolated Morpho Blue markets. Morpho Blue is a permissionless lending protocol that allows for the creation of markets with a single loan asset and a single collateral asset.

When a user deposits USDC, the vault issues gUSDCq tokens. The vault's logic determines how to distribute the USDC among whitelisted markets based on supply caps and yield opportunities set by the curator. Each market has a defined Liquidation Loan-to-Value (LLTV) ratio, which ensures that loans remain overcollateralized. Because the interest earned from borrowers is added to the vault's total assets, the value of each gUSDCq token increases relative to the underlying USDC over time. This mechanism allows the token to be "reward-bearing" without the need for manual claiming of rewards.

Team Info and Investors

The Galaxy USDC Quality vault is curated by Galaxy, a prominent digital asset and blockchain firm founded by Mike Novogratz. Galaxy is a publicly-traded company (TSX: GLXY) that provides a suite of financial services, including asset management, trading, and investment banking, to institutions and individuals.

The underlying protocol, Morpho, was developed by a decentralized team and has received significant backing from leading venture capital firms such as Andreessen Horowitz (a16z), Variant, and Pantera Capital. The partnership between a major institutional player like Galaxy and a decentralized protocol like Morpho represents a convergence of traditional financial expertise and blockchain-native technology.

Where can you buy Galaxy USDC Quality (Ethereum)?

ETH:GUSDCQ tokens have stopped trading - ago on all exchanges listed on CoinGecko. Information will be updated if market activity resumes.

What is the daily trading volume of Galaxy USDC Quality (Ethereum) (ETH:GUSDCQ)?

The 24 hour trading volume of Galaxy USDC Quality (Ethereum) (ETH:GUSDCQ) is $0 which signals a drop in market activity. If you own ETH:GUSDCQ tokens, liquidity of the token is likely to be low. Proceed with caution. You may explore CoinGecko’s list of most traded cryptos for coins with higher liquidity.

What is the highest and lowest price for Galaxy USDC Quality (Ethereum) (ETH:GUSDCQ)?

Galaxy USDC Quality (Ethereum) (ETH:GUSDCQ) reached an all-time high of $1.01 and an all-time low of $1.01. It’s now trading -0.10% below that peak and 0.30% above its lowest price.

What is the market cap of Galaxy USDC Quality (Ethereum) (ETH:GUSDCQ)?

Market capitalization of Galaxy USDC Quality (Ethereum) (ETH:GUSDCQ) is $25,239,094 and is ranked #711 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of ETH:GUSDCQ tokens (25 Million tokens are tradable on the market today).

What is the fully diluted valuation of Galaxy USDC Quality (Ethereum) (ETH:GUSDCQ)?

The fully diluted valuation (FDV) of Galaxy USDC Quality (Ethereum) (ETH:GUSDCQ) is $25,239,094. This is a statistical representation of the maximum market cap, assuming total number of 25 Million ETH tokens are in circulation today.

How does the price performance of Galaxy USDC Quality (Ethereum) compare against its peers?

With a price increase of 0.10% in the last 7 days, Galaxy USDC Quality (Ethereum) (ETH:GUSDCQ) is outperforming the global cryptocurrency market which is down -0.40%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add Galaxy USDC Quality (Ethereum) (ETH:GUSDCQ) to MetaMask?

Adding Galaxy USDC Quality (Ethereum) (ETH:GUSDCQ) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import ETH:GUSDCQ as a token. You can copy ETH:GUSDCQ’s contract address (0x91600e31fbedc72433d4a57f16639cfe661be7d8) and import it manually, or if you've installed MetaMask's chrome extension, add ETH:GUSDCQ to MetaMask with one click on CoinGecko.

Add ETH:GUSDCQ to MetaMask.