Episode Details

This story was originally published on HackerNoon at: https://hackernoon.com/prosper-launches-performance-markets-on-pharos-with-fee-funded-buybacks-for-vault-tokens.
PROSPER goes live on Pharos with Performance Markets: vault shares for strategy exposure & pVault tokens priced independently, with fee-funded buyback and burn.
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PROSPER, built on Pharos Network, went live today with Performance Markets, a structure that splits an onchain strategy into two instruments: Vault Shares, which give direct exposure to the strategy's net asset value, plus p{VAULT}, a fixed-supply crypto-native token that trades on its own price and carries no claim on the vault at all. The company calls the framework MemeRWA. The vault's verifiable performance is the reference signal; the p{VAULT} price is set entirely by participants, first on a public bonding curve, then on external liquidity after graduation. Every p{VAULT} launches with 1 billion tokens, no presale, no team allocation and no insider allocation. Vault holdings, NAV, fee accrual, bonding-curve reserves and buyback transactions are all visible onchain. Once a strategy clears its high-water mark, a predefined share of eligible performance fees buys p{VAULT} on third-party exchanges and burns it. The buyback is contract logic, not a price-support programme; PROSPER says so in writing. The context: protocol token buybacks hit a record $638 million in the first eight months of 2026, curated onchain vaults hold billions under named managers and Pharos has spent $52 million of venture money building a chain for exactly this kind of market.