Pharos Network is approaching its mainnet launch, with the team detailing how its pre-mainnet RWA vault operates. Users deposit USDC into a multi-signature vault on Ethereum via OKX Wallet or the official interface. The system employs Circle's burn-and-mint process to convert funds into native USDC before channeling them into off-chain assets. The off-chain segment is audited by Apex Group, ensuring transparent fund flows. Additionally, the SAFE vault holds over $50 million, including early subsidy funds to backstop yields.
Yield Sources: Real Asset Income Plus Treasury Subsidies
The vault's yield blends two components: income from underlying real-world assets and direct support from the project treasury. This dual structure aims to provide stable returns while reducing reliance on any single asset class. The early subsidy funds also suggest the team is willing to forgo fees during the initial phase.
Security Design: No Third-Party Bridges, Multi-Sig, and Cold Wallets
On security, Pharos Network deliberately avoids common risk vectors. The vault uses zero third-party bridges, no looping strategies, and no leverage. Instead, it relies on SAFE and Fordefi custody, split signers, and offline hardware wallets stored in secured physical locations. This setup minimizes smart contract attack surfaces and private key exposure risks.
Capital Allocation: 70% to Axil Consumer Loans, 30% to Centrifuge Treasuries
A separate report states the RWA vault entered a 2-day lockout on April 20, after which it will migrate alongside the mainnet. Capital is split: 70% targets Axil Consumer Credit, focusing on small loans in Thailand, Philippines, Indonesia, Pakistan, and Mexico; 30% targets Centrifuge Treasury Bonds for stable yields. This diversification balances returns with risk.
Team Background: Ex-Ant Group Executives, Code and Audits Now Public
The report links Pharos Network to former Ant Group executives, signaling deep experience in both traditional finance and blockchain. Before mainnet, the team opened additional code and audit materials on GitHub, allowing community verification. This helps explain the rising search volumes for Pharos Network roadmap, RPC, and OKX Wallet.
Market Buzz Intensifies, but Key Details Remain Unconfirmed
While curiosity about the Pharos Network airdrop and listing date grows, no official TGE, token ticker, or listing schedule has been confirmed as of this writing. All price speculation remains ungrounded. Still, the 'Stake Before the Stake' campaign with OKX Wallet hit its cap, signaling strong demand for early access. Circle's backing, public audit references, and treasury transparency may keep traders focused on mainnet funding progress.