Pharos Network’s Axil Prime Credit Vault, launched with R25 and Axil on July 15, pulled in $45.39 million before its pre-deposit window closed, against a $100 million USDC cap and a target annualized yield of about 14.3%. The product went live across Binance Wallet, TopNod, OKX Wallet, Bitget Wallet and KuCoin Wallet, with Binance Wallet adding $300,000 in PROS incentives. But the launch also collided with the redemption window for an earlier Pharos TGE pre-deposit vault, prompting complaints from users who were used to DeFi-style instant exits and said they had missed the withdrawal deadline. On July 23, Pharos said users who had submitted redemption requests on time had received full principal and interest, while funds that missed the window were automatically rolled into the next three-month cycle and continued earning 14% APY in USDC under the preset rules. The episode has become a case study in a broader RWA tension: low entry thresholds can bring retail users in, but that does not make the underlying assets liquid. In APC’s case, the yield is tied to emerging-market consumer credit rather than mostly token emissions, while the trade-off is a longer lockup and a redemption process shaped by offchain credit assets, licensed fund managers and traditional finance settlement timelines.

A Cardano governance proposal has passed the DRep threshold with 62.76% support, but final approval is still pending as SPO backing remains below the required level and most Constitutional Committee votes have not been cast.

Cardano founder Charles Hoskinson confirmed RealFi Testnet Phase 1 launching July 6, 2026, introducing USDr, a yield-bearing stablecoin with up to 9% APY backed by real-world financial instruments and no lockup period.

Pharos network transitions to mainnet with airdrop window closing April 25. $PROS token claims open April 28, Coinbase listing confirmed. Community backlash over narrow eligibility criteria.

Pharos Network has named OKX Wallet its official wallet ahead of mainnet. The app will handle staking-related features, airdrop distribution, and eligibility checks, while official materials still do not provide a confirmed TGE date or token price.

Pharos Network has introduced Axil Prime Credit Vault, or APC, an onchain private credit vault built to give a broader base of depositors access to an asset class that has typically been reserved for large funds, family offices, and institutional trading desks. The vault carries a target APY of about 14.3% and a total fundraising cap of $100 million in USDC. Distribution is set to run through OKX Wallet, Binance Wallet, TopNod, and Kucoin Wallet. According to Pharos, APC is fully managed by Axil and deployed through the R25 protocol on the Pharos network. Yield is designed to come from two components: the underlying private credit portfolio and ecosystem incentives paid in $PROS plus USDC. The project says this structure ties returns to real-world consumer credit cash flows rather than token inflation or speculative trading activity. The vault is scheduled to open to the public on July 15. Depositors can subscribe using Circle-supported native USDC on Pharos or bridged USDC from Ethereum. Pharos said earlier participation allows users to accumulate more yield days before the formal lock-up period begins. The company also pointed to its earlier pAlpha vault, saying it completed its lifecycle without security incidents.

Circle has deployed USDC and CCTP on Pharos Layer 1, while Pharos launched a $10 million incubator to support DeFi and RWA builders and expand its RealFi infrastructure.

Pharos Network has integrated Circle’s USDC stablecoin and Cross-Chain Transfer Protocol (CCTP) on its layer-1 blockchain, positioning USDC as a core settlement asset for real-world finance (RealFi). The integration enables compliant lending, structured products, and cross-chain connectivity across 20+ blockchains. Pharos also launched a $10M incubator.