[ARFC] Onboard PAXG to the Global Dollar Hub in Aave V4 Ethereum

Summary This proposal seeks to onboard Pax Gold (PAXG) to the Global Dollar Hub on the Aave V4 Ethereum instance. Final asset configuration will be determined by the Risk Service Providers. Motivation PAXG is an ERC-20 token issued by Paxos Trust Company, where each unit represents one fine troy ounce of a London Good Delivery gold bar held in professional vaults. Redemption and custody are administered by a regulated issuer, and holdings are subject to periodic third-party attestations. Onboarding PAXG to the Global Dollar Hub is aligned with the DAO’s long-term objectives in several ways: It introduces a gold-backed, real-world asset to the Aave V4 Ethereum instance, broadening the range of collateral and liquidity available beyond dollar-denominated exposures. It gives users access to a regulated, physically-backed representation of gold within the Aave ecosystem, supporting demand from institutional participants and DeFi protocols seeking commodity exposure. It complements the Global Dollar Hub’s existing composition, adding a non-correlated asset that strengthens the instance’s position as a venue for diversified liquidity strategies. Specification This proposal adds PAXG to Aave V4 Global Dollar Hub in Ethereum Token Address: 0x45804880De22913dAFE09f4980848ECE6EcbAf78 Risk Parameters and final configuration will be updated by Risk Service Providers and ARFC will be updated accordingly. Useful Links Pax Gold Paxos attestations Disclaimer This proposal was prepared by Aave Labs in its capacity as a contributor to the Aave ecosystem. Aave Labs has no financial relationship with Paxos Trust Company or any of its affiliates and has not received compensation from Paxos in connection with this proposal. Next Steps Gather community feedback during the ARFC stage. Service Providers to post Asset Technical Assessment and Asset Risk Assessment. If the ARFC response is positive, escalate to Snapshot for off-chain confirmation. Execute the corresponding transaction through the V4 Security Council to onboard PAXG to the Global Dollar Hub on the Aave V4 Ethereum instance. Copyright Copyright and related rights waived via CC0 . 2 posts - 2 participants Read full topic