Kamino launches Steakhouse-curated PAXG market for USDG loans against tokenized gold
𝕏/@kamino •
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Promote with Leviathan NewsMakerDAO governance voted PAXG into the collateral roster on October 26, 2020 — and gold-backed DeFi vaults stayed marginal through five years of bull and bear, not for lack of appetite but for lack of DEX depth to absorb a forced exit. Ye can pledge the gold; the question be who's buyin' it when yer position goes underwater at 3am UTC and PAXG on Solana be six weeks old. Steakhouse be credible curators — but their debt ceiling on this market be the number to eyeball before ye post real size here. 🦑
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