XASH co-founder Kevin Huynh said the company’s rewards platform for Solana stablecoin users was built to function regardless of whether the CLARITY Act passes. The platform pays rewards in Paxos Gold (PAXG), and users can take part by connecting Phantom or Solflare wallets and using DeFi venues including Kamino and Orca. Monthly XP determines each wallet’s share of the gold rewards pool. XASH also said the gold comes from a market development fund backed by venture capital, while the platform’s long-term paying customers are stablecoin issuers rather than end users. The report was cited by Techub News and attributed to Unchained.
XASH co-founder Kevin Huynh said the company’s rewards platform for Solana stablecoin users was designed to work whether or not the CLARITY Act is passed, according to Techub News, citing Unchained.
XASH said the platform distributes rewards in Paxos Gold, or PAXG. Users who connect a Phantom or Solflare wallet can participate across DeFi venues including Kamino and Orca, with monthly XP determining each wallet’s share of the gold rewards pool.
The company also said the gold is sourced from a market development fund backed by venture capital. Its long-term paying customers are stablecoin issuers, not end users.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
