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Introduction

Aureus is the onchain term market for gold. It transforms yield-bearing tokenized gold into fixed and floating rate markets, so treasuries, funds and gold holders can lock, hedge and trade future gold rates across maturities.

PAXGy generates gold yield. Aureus makes that yield tradable. Aureus does not create the underlying gold yield, it creates a market for it. If you only want to hold yield-bearing gold, you don’t need Aureus: PAXGy already earns that yield. You use Aureus to sell, buy, hedge or lock the future yield of gold.

PAXG = tokenized gold
PAXGy = gold principal + future gold yield
Aureus = a market for the future gold yield

PAXGy shows what gold yields today. Aureus creates a market for what gold may yield tomorrow.

Sell future yield

Keep PT, sell YT. Monetize future yield today while keeping the gold principal. Keep your gold. Sell its future yield.

Lock a fixed gold rate

Buy or hold PT to maturity for a more predictable rate.

Trade future gold yield

Buy or hold YT for a focused position on future gold yield, not a direct bet on the gold price.

Provide liquidity

Add capital to PT and YT pools and earn trading fees.

Hedging gold yield uses the same tools, depending on which way rates would hurt you.

You choose an outcome, not a token. Under the hood, Aureus uses a Principal Token (PT) and a Yield Token (YT) for each maturity.

Mock PAXGy
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Aureus Vault
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PT + YT
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Seeded Testnet Pools
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Users Buy / Sell
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Market-Implied Rates
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Aureus Gold Term Curve