Paxos Labs Launches PAXGy, Adding Lending Yield to Tokenized Gold

Paxos Labs launched PAXGy on Sept.

Paxos Labs launched PAXGy on Sept. 24, a token designed to earn returns in gold by lending reserve assets to institutional borrowers. The token builds on PAX Gold, or PAXG. Holders’ PAXGy balances stay constant while lending income is intended to increase the amount of PAXG redeemable per token.... Read the full story at The Defiant