PAXGy Goes Live as Collateral on Aave V4’s Global Dollar Hub

PAXGy is now available as collateral in Aave V4’s Global Dollar Hub, where users can borrow USDG or Pax Gold (PAXG) against the token, adding a lending use for Paxos Labs’ gold-linked asset. Paxos Labs launched PAXGy in September with a gold-leasing model designed to increase the amount of PAXG represented by each token over time while a holder’s token balance stays constant. That increase is not guaranteed. Borrower defaults or other lending losses can lower PAXGy’s exchange rate against PAXG, while changes in gold prices affect its dollar value. Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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