CoinScoopPaxos Labs Launches PAXGy to Enable Yield on Tokenized Gold
Paxos Labs introduced PAXGy on September 24, a token that generates yield in gold by lending reserve assets to institutional borrowers. Built upon the existing PAX Gold (PAXG) token, PAXGy allows holders to earn lending income that increases the amount of PAXG redeemable per token, while their PAXGy balance remains unchanged.
Summaries are written by AI from the original article. Not investment advice.