Gold’s 50-Year Money-Making Trick Just Went Onchain
Gold lending rates have been quoted every working day for 50 years, yet most people who actually own gold have effectively been locked out of the market. Paxos Labs launched PAXGy on Sept. 24 to change that, wrapping institutional gold-leasing economics into a token backed by pax gold (PAXG). The reserves are deployed to institutional […]
Key Takeaways
- Gold lending rates have been quoted every working day for 50 years, yet most people who actually own gold have effectively been locked out of the market.
- Paxos Labs launched PAXGy on Sept.
- 24 to change that, wrapping institutional gold-leasing economics into a token backed by pax gold (PAXG).
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in DeFi
Bitcoin price steadies, ONDO rallies as US Treasury yields hit 2007 highs
US Treasury yields hit a 19-year high on Thursday, pressuring risk assets as Bitcoin held near $84,000 and ONDO became top performer among altcoins.
Lido DAO Executes Vote #206 With New Staking Router Parameters
TL;DR Lido DAO has executed onchain Vote #206, updating parts of its staking-router and node-operator configuration. The vote is distinct from Vote #205 covered in the previous batch. The changes are operational and do not alter stETH withdrawal mechanics.…
Sui TVL Moves Above $1.2B As DeFi Liquidity Expands
TL;DR Sui’s total value locked reached about $1.21 billion in the September 22 validation snapshot. NAVI Protocol accounted for more than $420 million of deposits in the supplied data. TVL is a dollar-denominated metric and can rise because of token prices as…