According to CoinMeta, the crypto trading and market-making institution gsr has committed to investing $100 million to jointly create an on-chain lending business hare with the liquidity distribution platform turtle, which will be responsible for setting up and managing the on-chain treasury. gsr will provide funds in the form of lending quotas and will also contribute its own capital as initial liquidity. hare will launch products based on AAVE such as hare, usd, earn, hare, gold, and earn. paxos will participate in cooperation with gold products. The CEO of hare, connor, stated that the funds committed by gsr will be directly deployed to provide liquidity for issuers, allowing investors to see that gsr's own funds are in the same treasury as their own funds.