PAXG
Coverage of PAXG in the Nexus archive.
- What are people actually doing with PAXG besides holding?
The author is rethinking their portfolio allocation due to market conditions and is looking for ways to make PAXG work productively, such as staking or yield. Most major exchanges do not support it properly. The author is seeking information on what others are doing with gold-backed positions.
- Best way to get tokenized gold exposure in crypto?
A Reddit user expressed frustration with high slippage (-3%) on Cowswap when purchasing tokenized gold (PAXG/XAUT), resulting in less exposure than planned. They highlighted the challenges of acquiring tokenized gold due to fees, slippage, and complex entry processes despite its perceived simplicity.
- The recent bridge exploits are a wake-up call: how are we actually supposed to hedge SOL yield safely?
The article discusses the risks of cross-chain bridge exploits, highlighting a recent incident where hundreds of millions were lost due to a compromised verifier setup. It critiques the fragility of retail DeFi infrastructure on Solana and contrasts it with institutional strategies using closed-door, gold-backed yield systems to hedge volatility without bridging assets.
- Platforms are offering yield on PAXG but gold doesn't generate native yield. How does this actually work?
Platforms are offering yield on PAXG, a gold-backed token, despite gold not generating native yield. The article speculates that platforms may use over-collateralized lending or DeFi liquidity pools to generate returns, introducing counterparty and smart contract risks distinct from traditional staking.