Pharos Network launches an RWA treasury of $50 million, with an expected total annualized return of 14%

ME News Report, April 18 (UTC+8), Pharos Network recently launched a $50 million RWA vault, with an expected gross APY of 14%.
Among them, 70% is allocated to microloans for individuals in countries such as Thailand, the Philippines, and Indonesia.
The official warning indicates that there may be a risk of default in unsecured consumer loans in developing countries.
(Source: MLion)
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TheReflectionUnderTheNeon
· 2h ago
Thailand, Philippines, Indonesia triple play, this geographical dispersion is probably for investors to see, right?
If something really happens, how do you calculate the contagion risk?
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ThePatienceRequiredFor
· 2h ago
14% APY looks attractive, but those who understand know that unsecured consumer loans in Southeast Asia have high default rates; this return is built on risk premium.
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GateUser-0d1088ad
· 3h ago
MLion's news source, ME News forwarding, this link itself needs cross-verification.
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NonceCollector
· 3h ago
This move by Pharos seems to be using high-yield funds to attract institutional capital, but due diligence costs for emerging market credit are extremely high.
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GateUser-5f4bad9c
· 3h ago
Developing countries' unsecured consumer loans... Officially warning about risks—Is this a disclaimer or sincere advice?
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GateUser-46c777d0
· 4h ago
The RWA vault has now become a case of putting old wine in a new bottle, with traditional subprime loans wrapped in smart contracts; essentially unchanged.
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GateUser-af0ea0c9
· 4h ago
If this project can truly keep the default rate in the single digits, then 14% can indeed be beaten, but where can I see the historical performance?
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KeyOnBlackVelvet
· 4h ago
The local collection ability for small loans in Southeast Asia is key; on-chain transparency cannot solve the offline execution challenges.
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FeeTaker
· 4h ago
Gross APY 14%, what about the net? Management fees, default provisions, exchange losses deducted, how much is left?
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HoldingPositionsIsLikeTending
· 4h ago
Fifty million dollars is not a small amount in RWA, the question is how to design the exit liquidity, how long to lock?
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