🥇 Gold enters the world of decentralized finance… but is it now safer?
Imagine owning gold without holding a single bar… and using it in decentralized finance!
That’s what the $PAXG token aims to offer. According to its issuer, Paxos, each unit represents one troy ounce of physical gold.
The latest development is that PAXG is now available on the Base network, with plans to integrate it into borrowing services backed by digital assets.
But here’s the paradox:
Owning tokenized gold doesn’t mean you own a bar in your home!
You’re relying on an issuer, custody arrangements, redemption terms, and—when using DeFi services—the risks of smart contracts.
Gold may be the same asset… but how you own it changes the nature of the risks.
The big question: Do you prefer physical gold or digital gold?
#PAXG #RWA #Gold #DeFi
Imagine owning gold without holding a single bar… and using it in decentralized finance!
That’s what the $PAXG token aims to offer. According to its issuer, Paxos, each unit represents one troy ounce of physical gold.
The latest development is that PAXG is now available on the Base network, with plans to integrate it into borrowing services backed by digital assets.
But here’s the paradox:
Owning tokenized gold doesn’t mean you own a bar in your home!
You’re relying on an issuer, custody arrangements, redemption terms, and—when using DeFi services—the risks of smart contracts.
Gold may be the same asset… but how you own it changes the nature of the risks.
The big question: Do you prefer physical gold or digital gold?
#PAXG #RWA #Gold #DeFi
