XASH Tests Tokenized Gold Rewards to Expand Stablecoin Distribution
Photo: TokenPost
XASH is testing a Solana-based rewards platform that pays stablecoin users in tokenized gold, aiming to help stablecoin issuers expand into more decentralized-finance venues. Users connect Phantom or Solflare wallets to access platforms including Kamino and Orca without depositing funds with XASH. Their monthly XP points determine each wallet’s pro rata share of a gold-reward pool. The program pays rewards in Paxos Gold (PAXG) on Solana rather than in stablecoins, cash or a utility token. XASH currently funds the pool through a market-development fund backed by venture capital.
Also reported by Unchained.
Source: TokenPost
