PAX Gold Staking

Currently you can ear around 6% APY on deposits of PAX Gold with specific lending providers. This rate can differ between lending providers.

Paxos Trust Company, a regulated financial institution that digitizes and mobilizes assets.

Charles Cascarilla, CEO and Co-Founder of Paxos.

PAX Gold can be lent to a custodial lending provider for a earn rate as determined by the lending provider.

PAX Gold (PAXG) is an asset-backed token where one token should represent one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold.

At any time, PAXG holders can lookup the serial number, value and physical characteristics of their vaulted gold just by entering their Ethereum wallet address on the PAXG lookup tool on Paxos.com/paxgold.

Sept. 5, 2019, PAX Gold was launched by Paxos Trust Company.

PAX Gold (Ethereum ticker: PAXG), the first crypto-asset redeemable for physical gold.

The New York State Department of Financial Services (NYDFS) has approved Paxos to issue PAX Gold, making PAX Gold the first regulated digital gold product.

There is always a risk when going with a custodial lending provider, you have to trust them to manage and return your asset according to their terms.