RedStone brings FalconX private-credit NAV to Monad, Plume and MegaETH

  • RedStone launched NAV feeds for Pareto’s FalconX Credit Vault across three additional networks.
  • The vault carries more than $170 million in private-credit exposure across Monad, Plume and MegaETH.
  • FalconX signs the NAV, while RedStone verifies and distributes it from Ethereum.

RedStone has launched price feeds for Pareto’s FalconX Credit Vault, which holds more than $170 million in private-credit exposure across Monad, Plume and MegaETH. The system reads FalconX’s signed net asset value from Ethereum and distributes the same valuation to the three additional networks, allowing lending protocols to accept AA_FalconXUSDC as collateral without requiring holders to redeem their positions. FalconX calculates the NAV off-chain, while RedStone verifies signatures, checks deviation and staleness limits, and uses circuit breakers before publishing updates. The vault’s senior-tranche token accrues interest through its NAV and finances part of FalconX’s institutional prime brokerage business. Liquidation remains dependent on protocol risk parameters, approved counterparties and secondary-market liquidity because the token is permissioned. RedStone says its Settle service can auction liquidation or redemption rights to whitelisted, KYC-approved solvers. The latest update materially revises earlier reported figures and network coverage, which had cited roughly $145 million in TVL and feeds on Ethereum, Polygon, Arbitrum and Optimism, with Monad expansion initiated.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.