"Pharos with an Ant Financial background, what exactly is the high APY RWA?"


Pharos Network, backed by Ant Financial, recently launched an RWA treasury with a capacity of 50 million USD, and an expected gross APY of 14%. However, 70% of it is allocated to personal microloans in third-world countries such as Thailand, the Philippines, and Indonesia. The official warns that there may be a risk of default on unsecured consumer loans in developing countries.
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