Xash retweeted
Why reward stablecoin users in gold?
I joined @laurashin to discuss what we're building at @xash, how the rewards are funded today, and why stablecoin issuers could eventually pay for them.
Thanks for having me, Laura!
🪙 What if stablecoin users earned gold for DeFi activities they already perform?
@xash co-founder and CEO Kevin Huynh (@kemihu11) tells @laurashin how XASH tracks @solana DeFi activity on venues like @KaminoFinance, pays rewards in Paxos Gold (@Paxos), and why he expects stablecoin issuers to eventually cover the cost.
Subscribe to Unchained Premium to watch!
unchainedcrypto.com/can-gold…
Xash retweeted
That’s why I’m building @xash - a stablecoin backed by gold, not treasuries, where you can earn rewards based on a rising gold price…
Launching in April - stay tuned.
Xash.com
Xash retweeted
With @VinnyLingham flying to NY to help them put together one of the most exciting projects yet to come! @xash
This would be the first project I’ve ever agreed to get involved in.
Stay tuned. 🔥
Xash retweeted
As treasury yields turn, stablecoins won't be able to monetize from the AUM.
Smart move by @VinnyLingham to skate where the puck is going with a gold backed stable coin.
Likely Circle will derisk from treasuries soon.
bloomberg.com/news/articles/…
Xash retweeted
I announce @xash and all of sudden everyone wants to get into gold 😂. Luckily our rewards system is patented (not patent pending!).
