Lock a fixed gold rate

Goal: you prefer a predictable gold rate over a variable one until a specific date.

How it works

You end up holding PT only for the chosen maturity. PT is priced below its maturity value and redeems for 1 PAXG each, so the discount becomes your rate.

There are two ways to get there, and the app picks the right one for you:

• You already hold PAXGy: deposit it, keep the PT, sell the YT. You receive the yield upfront (see Sell future yield).
• You hold PAXG or want new exposure: buy PT from the PT / PAXGy pool at the market price.

Example

Maturity	1Y
Indicative testnet rate	2.80%
Buy	10 PT for ≈ 9.73 PAXG
At maturity	10 PT → 10 PAXG

Indicative testnet values, not a quote or forecast.

Steps in the app

1. Open the app and connect a testnet wallet.
2. Choose Lock Fixed Rate.
3. Enter the gold amount and select a maturity. The app shows the indicative rate.
4. Review the quote and confirm.
5. At maturity, redeem.

Things to know

• The rate is predictable only if held to maturity. Selling earlier means selling at the market price at that time.
• You give up any yield above the locked rate.
• PT is not risk-free. See Risks.