Aave AppPartner offer
6% variable APY on USDC
Aave App referral code: 7601C1. Sign up with this code to get 6% variable APY on USDC.
Affiliate link. We may earn a commission, at no extra cost to you.
At a glance
- What changed
- PAXGy, a gold token from Paxos Labs, can now be posted as collateral on Aave V4's Global Dollar Hub to borrow USDG or PAXG.
- Who it affects
- PAXGy holders who want dollars or more gold exposure without selling their gold position.
- When
- Aave announced it at 19:09 UTC on Tuesday 10 November 2026 (20:09 in Amsterdam).
Add Exchange.news as a preferred source on Google
What Aave announced
Aave posted on its official X account at 19:09 UTC on Tuesday 10 November 2026 (20:09 in Amsterdam) that PAXGy by Paxos Labs is now live as collateral on Aave V4's Global Dollar Hub. Users can borrow USDG and PAXG against it.
In a reply to the same post, Aave linked to where PAXGy can be found. The announcement graphic pairs the Aave ghost with a gold coin and the Paxos Labs, Aave and PAXGy names.
What Paxos Labs says about PAXGy
Paxos Labs announced the same launch a few minutes earlier, and Aave reposted it. Its pitch is simple: borrow against your gold on Aave without selling it. Paxos Labs says you can borrow USDG or PAXG against PAXGy, and that the gold you supply keeps growing in ounces the whole time.
Paxos Labs thanked LlamaRisk and the Aave community for supporting the launch and points readers to paxgy.com for more details. Neither post explains how the ounce growth is generated, so read that page before you supply anything.
Our take
Gold-backed tokens are a natural fit for lending markets, and borrowing PAXG against PAXGy adds a way to keep gold exposure while using it. Aave did not publish the loan-to-value ratio, liquidation threshold or supply cap for PAXGy, so check those in the Aave app first. As with any loan against a volatile asset, borrow well below your limit: if gold falls far enough, the position can be liquidated.
Dates to know
As announced by the provider. A listed date does not confirm current availability or eligibility.
- PAXGy goes live as collateral on Aave V4's Global Dollar HubToday (UTC)
Aave AppPartner offer
6% variable APY on USDC
Aave App referral code: 7601C1. Sign up with this code to get 6% variable APY on USDC.
Affiliate link. We may earn a commission, at no extra cost to you.
Conditions
Current variable base APY on eligible balances up to $100,000; the portion above earns 4.5%. Rates are not guaranteed. Access and referral boosts depend on your country and account. Check the current rate in the app.
The code and partner link have no expiry. Campaign dates, benefits and eligibility are separate and may change. Check the provider’s current terms before signing up.
Coinbase
