Paxos launches PAXGy: minted gold designed to grow over time
Paxos Labs launched the PAXGy token backed by PAX Gold (PAXG), but with a different idea: the reserves are deployed in the institutional gold lending market, so the value of each PAXGy grows in terms of the amount of gold it represents over time.
At launch, PAXGy became available through OKX, and on-chain via X Layer, Uniswap, 0x, and Ether.Fi, with Chainlink among the launch partners.
The striking idea: instead of earning a return measured in dollars, your exposure to the same gold grows.
Could this open a new model for gold within the RWA and DeFi sectors?
#PAXGy #PAXG #RWA #DeFi #GOLD
Paxos Labs launched the PAXGy token backed by PAX Gold (PAXG), but with a different idea: the reserves are deployed in the institutional gold lending market, so the value of each PAXGy grows in terms of the amount of gold it represents over time.
At launch, PAXGy became available through OKX, and on-chain via X Layer, Uniswap, 0x, and Ether.Fi, with Chainlink among the launch partners.
The striking idea: instead of earning a return measured in dollars, your exposure to the same gold grows.
Could this open a new model for gold within the RWA and DeFi sectors?
#PAXGy #PAXG #RWA #DeFi #GOLD
