CroSat
blockchainSep 24, 2026AI summary

Paxos Labs Introduces PAXGy With Gold-Based Lending Returns

Paxos Labs launched PAXGy on Sept. 24, linking returns on a token built on PAX Gold to reserve-asset lending to institutional borrowers.

Paxos Labs Introduces PAXGy With Gold-Based Lending Returns

Paxos Labs introduced PAXGy on Sept. 24, offering a token designed to generate gold-denominated returns through lending, according to The Defiant.

The product builds on PAX Gold, known as PAXG. Its model involves lending reserve assets to institutional borrowers to earn income.

Rather than increasing the number of PAXGy tokens in a holder’s account, the structure is intended to raise the amount of PAXG redeemable for each token as lending income accrues.

Source: The Defiant

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