Pharos Launches pRNH Vault, Offering High-Yield Corporate Bond Investment Channel

Pharos Network has launched the pRNH Vault, introduced by the R25 protocol, providing qualified users with a channel to invest in U.S. high-yield corporate bonds on-chain. This Vault is connected to the NYLIM Anemoy U.S. High-Yield Corporate Bond Independent Investment Portfolio (HYB), jointly initiated by NYLIM and Anemoy, with tokenization technology provided by Centrifuge. Users can deposit USDC into Pharos and exchange it for pRNH tokens through R25, indirectly holding HYB assets. The Vault aims for a target size of $100 million, with an expected annual yield of approximately 7%, no mandatory lock-up period, and embedded proxy assistance features covering credit screening and liquidity monitoring.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.