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#Yield-bearing token

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Paxos Labs Launches PAXGy, a New Gold-Backed Token
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Paxos Labs Launches PAXGy, a New Gold-Backed Token

Key Highlights Paxos Labs launches PAXGy, a yield-bearing token built on PAX Gold ($PAXG) that accrues value in gold terms through institutional lending of underlying reserves. The token is accessible via OKX Gold Earn and the X Layer network, with secondary trading on Uniswap, 0x, and Ether.fi, while Chainlink CCIP enables cross-chain transfers without position ...