Collateral
GEX token is fully collateralized with gold, Bitcoin, Ethereum, BNB and AVAX. We have selected Paxos Gold and Tether Gold as providers for the tokenized gold, Ren Bitcoin for the wrapped version of Bitcoin in Ethereum and BSC, and Bitcoin Avalanche Bridged on Avalanche network. The weight and address of each collateral token is:
Ethereum network (60%)
20% Pax Gold (PAXG): 0x45804880De22913dAFE09f4980848ECE6EcbAf78
20% Tether Gold (XAUT): 0x68749665FF8D2d112Fa859AA293F07A622782F38
10% Ren Bitcoin (RENBTC): 0xEB4C2781e4ebA804CE9a9803C67d0893436bB27D (deprecated)
10% Ethereum (ETH)
BNB Smart Chain (20%)
10% Ren Bitcoin (RENBTC): 0xfCe146bF3146100cfe5dB4129cf6C82b0eF4Ad8c (deprecated)
10% BNB (BNB)
Avalanche (20%)
10% Bitcoin Avalanche Bridged (BTC.B): 0x152b9d0FdC40C096757F570A51E494bd4b943E50
10% Avalanche (AVAX)
Due to the fall of the REN protocol in December 2022, the Ren BTC pools on the Ethereum and BNB Chain networks have been decommissioned and the corresponding collateral transferred to other pools, so the only active BTC pool is on the Avalanche network.
Last updated