Initial (very early) Discussion: Tokenised commodities as collateral on AAVE

[Paxos_Global]

Hi all,

Paxos just submitted a listing proposal for PAXG:

ARC: Add PAX Gold (PAXG) Collateral & Borrow Support

Sentence Rational For thousands of years gold has functioned as collateral and we would like to extend this capability and borrowing to the DeFi ecosystem through Aave. PAX Gold is the largest market cap tokenized gold coin - each PAXG token represents and is backed by one troy ounce of gold. References Link to: Project Whitepaper document portal N/A Source code for the system(s) that interact with the proposed asset Ethereum addresses contracts ChainLink Oracle Audits Smart contract SO…

By EOW we will have designated wallet for proposition.

PAXG is largest MarketCap gold token and the most trustworthy - PAXG token is regulated by NY DFS and Paxos recently received conditional approval by the OCC for National Trust. We think our token is highly secure and would love to extend PAXG support to Aave, and humbly ask for your support.