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PAXGy is a receipt token backed by PAXG. Each PAXGy represents an entitlement to a quantity of PAXG that increases over time that is deployed into gold lending facilities. Your balance does not change when you hold PAXGy. Instead, PAXGy accrual occurs through an exchange rate that increases over time, so the amount of PAXG each PAXGy is worth grows over time.
Minting PAXGy is available to approved users only. Access is granted per wallet address after onboarding with Paxos Labs. See Access below.

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How PAXGy works

  • Mint. Deposit PAXG and receive PAXGy at the current exchange rate.
  • Accrue. The exchange rate rises over time as the underlying PAXG is deployed. Your PAXGy balance remains constant while the PAXG within the reserves increases.
  • Redeem. Submit a redemption request to exchange PAXGy back for PAXG at the current exchange rate.

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Supported networks

PAXGy is a natively cross-chain asset. Today, minting and redemptions occur on Ethereum mainnet, and PAXGy can be held and transferred on all supported networks.
Cross-chain movement of PAXGy between blockchain networks is handled by Chainlink CCIP. See Cross-Chain Transfers for the API flow, or the Direct Contract guide to call the contracts yourself.

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Token details

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Access

Minting PAXGy is available to approved users only. Once your organization is approved, the specific wallet addresses you provide can be enabled for minting and redemption.

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Integration Support

API Calldata Integration

Prepare ready-to-sign transactions over REST. No ABIs or addresses to manage locally.

Direct Contract Integration

Call the contracts yourself, with full control and no API dependency.

PAXG

The gold-backed asset that underpins PAXGy, and its swap API.