Testnet overview

The Aureus MVP runs on Ethereum testnet (Sepolia). It demonstrates the full flow, from yield-bearing gold to a market-implied Gold Term Curve, with actions that can be verified onchain. This is Phase 1 of the roadmap.

Testnet architecture

Mock PAXGy              test yield-bearing gold (Sepolia)
   ↓
Aureus Vault            splits deposits by maturity
   ↓
PT + YT
   ↓
Seeded Testnet Pools    PT / PAXGy · YT / PAXGy
   ↓
Users Buy / Sell
   ↓
Market-Implied Rates
   ↓
Aureus Gold Term Curve

What is real and what is simulated

Component	Status on testnet
Vault, PT/YT minting, maturity, redemption	Contracts on Sepolia, verifiable on an explorer
Mock PAXG / Mock PAXGy	Test assets created for Aureus. Not official Paxos deployments. No monetary value
Yield accrual	Simulated through Mock PAXGy’s exchange rate
PT / PAXGy and YT / PAXGy pools	Protocol-seeded bootstrap liquidity. Not deep production liquidity
RFQ and market makers	Not in the MVP. Planned for Phase 4
Gold Term Curve	Derived from testnet prices; not a live mainnet curve

Not part of the MVP

Real PAXGy, real liquidity providers, production markets, RFQ and professional market makers, fiat access, advanced yield strategies, incentives and any governance or token are roadmap items, not current functionality.

Contract addresses

Contract addresses and explorer links will be published here with each testnet release.