This is referring to Smart Collateral by @0xfluid which means you’re holding an LP-like position of PAXG + XAUt and earning passive trading fees as trades between these tokens get routed through Fluid DEX.
Someone holding this vault is long a collateral basket of PAXG + XAUt but they’re able to borrow a stablecoin like USDT like any other vault for borrowing.
Meanwhile they earn passive trading fees to offset their borrowing interest.
Fluid just works 😘
Due to the increase in demand for gold trading, the APR on your gold collateral on Fluid is now at +3%.
Smart gold only on @0xfluid 🌊🌊🌊
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