Jun Kim

Excited to finally announce that with the recent acquisition, @nucleusearn is now Paxos Labs! Previously... Looking back, crypto in the beginning was purely a theoretical exercise—decentralized governance delivering economic freedom to the unbanked. Sounded too good to be true. But with every step in the industry, it only became more material. At Terraform Labs, I got to see global DeFi adoption firsthand. At Blockchain Capital, I met the builders pushing the frontiers of ZK and DeFi research. It was clear that crypto combined the best of finance and tech and attracted the brightest minds to learn from. And with the simple belief that all of finance is inevitably coming onchain. @ChundaMcCain and I doubled down and created Molecular Labs. At @nucleusearn, we focused on building structured products that offer differentiated yield for crypto investors of varying risk profiles. The mandate was to deliver frontier DeFi integrations from the early days of Ethereum to cutting edge innovations on Hyperliquid. This was fun. Building in the DeFi trenches was what we signed up for. But it was clear that there was a natural ceiling to the capital sloshing around the markets. The same whales, LPs, and mercenary capital rotating from one token deal to the next. We were looking for ways to grow the entire pie. While many screamed from the rooftops about “onboarding the masses”, it was much easier said than done. The Next Step: When we met the Paxos team, we rallied around the idea that DeFi must scale via global distribution channels. Every business that touches money is now going on this journey. Stablecoins first, DeFi is next. This journey begins wherever users bank—from crypto native dapps, fintechs, neobanks, to large consumer banks that will inevitably shift. Combining Paxos’s $120B+ track record in trusted tokenization infrastructure and the Nucleus team’s DeFi expertise, we are uniquely equipped to tackle this problem of delivering the E2E onchain transformation for global enterprises. We are now starting that journey as Paxos Labs. The mission is to scale access to DeFi, and we’re squarely focused on mass adoption. If you are interested in what we are doing, please reach out! And a huge shoutout to the team that makes it happen. @0xDuckworth @dashanmccain @0x_carson @jpickett713 @mroddy5280 @0xTrojanhorse @anjaliegeorge and all others who are too busy building to be posting!

Gold is the oldest store of value we have. In every nation, economy, and our personal lives, it’s served the purpose of preserving wealth and helping us celebrating each other in precious moments. However, unlike most other stores of value, the gold never grew. Gold that compounds was an exclusive act available only to the largest banks and institutions in the form of metal leasing. From refiners and jewelers who borrow gold for advanced access to raw materials to miners who need to hedge their gold exposure, metal leasing has had provably sustainable economics for decades while continuing to grow. A core ethos of crypto is to bring previously inaccessible opportunities into an open composable ecosystem. As we dug deeper into the metal leasing industry, it quickly became clear that this was an opportunity that our team can uniquely bring onchain. Happy to finally announce that PAXGy issued by @paxoslabs is a first of its kind gold-denominated asset that grows in gold terms. Launched in partnership with @okx, @ether_fi , @Uniswap, @0xProject, @XLayerOfficial, and @chainlink

Happy to share more formally what we’ve been rolling out at @paxoslabs ! I believe those who build easy to use and accessible financial applications for end users are building one of the most important businesses out there that empowers everyday consumers around the globe. Our goal is to help you create a richer set of financial opportunities for your end users while having your platform earn at each step. What it does: Earn—Generate yield on idle on-platform balances. Borrow—Provide credit and access to capital seamlessly. Mint—Issue your company’s fully configurable digital dollar. Savings rates, credit, and faster, cheaper settlement are the three fundamental building blocks for building any financial applications. The Amplify Stack enables any number of usecases from borrowing dollars on crypto to kickstarting SMB credit programs to help your customers get their businesses off the ground. The common thread—turn dollars into engaging products that makes customers love your platform. If you are building the next generation of crypto and fintech app, reach out to see what Paxos Labs can do for you!

so this is when the real fun begins