DeFi· ★★★· bullish·

Paxos Labs launches PAXGy, a PAXG-backed token that accrues gold yield

  • —PAXGy accrues additional troy ounces via returns from institutional gold leasing
  • —Token is fully redeemable for PAXG, with gold in Brink's vaults attested monthly by KPMG
  • —Chainlink CCIP is the exclusive cross-chain messaging provider for PAXGy
  • —Launched simultaneously on OKX, X Layer, 0x, Uniswap and Ether.fi
Why it matters: Retail investors gain access to institutional gold leasing yield without converting their holdings into fiat.
#PAXG
Source: Crypto Briefing
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