PROSPER has launched MemeRWA, the first implementation of its Performance Markets framework on Pharos Network, linking verifiable economic performance with independently priced crypto-native assets without tokenizing ownership of underlying strategies. An external curator creates an onchain strategy through a Vault, which issues two instruments: Vault Shares, providing direct exposure to the strategy and its net asset value, and p{VAULT}, a fixed-supply asset associated with the Vault and curator. p{VAULT} does not represent a Vault interest, track the Vault's NAV, or provide claims on its assets, performance, or profits. Its price is formed independently, initially through a public bonding curve and later through external liquidity, while Vault performance remains observable onchain. PROSPER says the system will expose Vault holdings, NAV, fee accrual, bonding-curve reserves, and buyback transactions. Existing protocol rules provide for eligible performance fees to fund p{VAULT} purchases and permanent burns after strategies exceed prior high-water marks. Each token launches with 1 billion units and no presale, team allocation, or insider allocation. The model is intended to make verifiable economic performance an onchain reference without creating ownership rights in the underlying strategy.