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Home›Crypto›Market Structure›Paxos launches PAXGy to add lending yield to tokenized…

Paxos launches PAXGy to add lending yield to tokenized gold

Reported · Written up by our desk · Market Structure

Paxos has launched PAXGy, a product designed to add lending yield to tokenized gold, according to The Defiant.

The structure places the borrower default risk on holders, while direct redemptions are set to return PAXG through an approval gated withdrawal queue.

Latest closeGold $4,292.50 ▼0.6%

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Sources

The DefiantPaxos Labs Launches PAXGy, Adding Lending Yield to Tokenized Gold

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