Holders can deposit PAXG or swap accepted stablecoins to receive PAXGy.Paxos Labs says lending income accrues through a PAXGy-to-PAXG exchange rate, rather than an increase in token balances.PAXGy is available through OKX Gold Earn and X Layer, with access through several onchain platforms.Borrower defaults or losses in the reserve strategies could lower the exchange rate, according to Paxos Labs.