PAXG in DeFi: Gold enters the world of decentralized finance! 💰🤝
The integration of PAX Gold (PAXG) into the decentralized finance (DeFi) ecosystem opens up exciting new opportunities for gold holders and crypto investors.
Lending and Borrowing: You can use PAXG as collateral to obtain loans in other cryptocurrencies on DeFi platforms or provide PAXG to liquidity pools to earn interest.
Yield Farming: Participate in yield farming protocols by providing liquidity with PAXG, and earn additional rewards.
Trading on DEX: PAXG can be traded on decentralized exchanges (DEX), such as Uniswap, which increases its liquidity and availability.
Diversifying DeFi Portfolio: Using a gold token in DeFi allows you to diversify your risk by adding a stable asset that is not correlated with the rest of the crypto market.
PAXG transforms traditional gold into an asset that actively participates in the innovations of decentralized finance.