PROSPER launches Performance Markets on Pharos
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- PROSPER has launched Performance Markets on Pharos Network, linking onchain data with separately priced crypto assets.
- Each p{VAULT} token has a fixed supply of 1 billion tokens, with no presale or insider allocation.
- The system can buy back and burn tokens when a Vault passes its previous performance high.
PROSPER has launched Performance Markets on Pharos Network, linking onchain strategy data with separately priced crypto assets.
The framework lets users track strategy performance without owning the underlying assets.
“Crypto markets have demonstrated the power of open participation and collective conviction, while onchain finance has made economic performance increasingly transparent,” said Pharos Chief Business Officer Laura Shi.
Each market creates Vault Shares for strategy exposure and p{VAULT} tokens with a fixed supply of 1 billion.
PROSPER said p{VAULT} tokens do not represent ownership of a Vault or its assets, profits or performance.
The system can use part of eligible performance fees for automated buybacks after a strategy passes its previous high-water mark.
PROSPER provides the infrastructure, while third-party Curators create and manage the strategies and their onchain activity.
