TOKENIZATION UPDATE: Coinbase now lets users borrow USDC ($USDC) against PAX Gold ($PAXG), a token backed by physical gold, without selling…
About SN7 Allways
Allways@allways_ioTOKENIZATION UPDATE: Coinbase now lets users borrow USDC ($USDC) against PAX Gold ($PAXG), a token backed by physical gold, without selling it. The loans are powered by Morpho on Base, and The Defiant reports loan-health pricing updates only during gold-market hours.
Quoting @coinbase
Gold in a vault. Liquidity in your account. You can now instantly borrow USDC against PAX Gold (PAXG) on Coinbase. Tokenized gold, backed by the real thing. From crypto to commodities like gold, get instant liquidity without selling. Powered by @morpho, built on @base.
SN7 Allways at a glance
SN7, Allways (α token η), is one of the independent markets on the Bittensor network, each with its own α token and its own price. Its α currently trades at 0.002369 τ (≈ $0.54), against 5,485 τ of pool liquidity. On-chain, the best-delegated validator on it yields about 28.93% APR (simple) and 33.54% APY (compounded), emissions add 0.000000 τ to the pool each block, epochs run every 360 blocks. It was registered at block #2,627,691.
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More from SN7 Allways
Taosis indexes announcements, articles, posts and releases about Bittensor subnets from their own channels and keeps a record of each. The text above is the source’s; the figures are read from the chain by Taosis.