PROSPER has launched a framework for Performance Markets that allows third-party operators to connect verifiable onchain performance data with independently priced crypto-native assets.
Built on Pharos Network, the framework supports MemeRWA, which uses observable economic performance data as a reference without tokenizing ownership of the underlying asset.
Each Performance Market begins with a Curator creating a Vault around an onchain strategy.
The structure produces two separate instruments: Vault Shares, which provide direct exposure to the strategy, and p{VAULT}, a separately priced crypto-native asset associated with the Curator and the strategy.
PROSPER said p{VAULT} does not represent ownership in the corresponding Vault, track its net asset value (NAV), or provide a claim on Vault assets, performance or profits.
Instead, p{VAULT} is priced independently through a public bonding curve and, following graduation, through external market liquidity.
The Vault’s verifiable performance serves as an observable economic reference for the asset’s market.
Performance Markets also include a predefined buyback and burn mechanism.
Once a Vault strategy exceeds its high-water mark, a specified portion of eligible performance fees is used to purchase the corresponding p{VAULT} on third-party decentralized exchanges and permanently burn the acquired tokens.
According to PROSPER, the buyback is an automated protocol function executed through smart-contract logic.
The company said it is not intended to provide price support, stabilize the asset or function as a market-making program.
Unlike traditional RWA tokenization, MemeRWA does not place ownership rights or economic claims on the underlying asset onchain.
Instead, observable economic activity serves as a reference point for an independently priced crypto-native asset, while p{VAULT} holders do not receive a claim on the underlying strategy.
Each p{VAULT} launches with a fixed supply of 1 billion tokens, with no presale, team allocation or insider allocation, according to PROSPER.
Vault holdings, net asset value (NAV), fee accrual, bonding curve reserves and buyback transactions are observable onchain.
Built on Pharos Network, PROSPER provides the technology infrastructure for third-party Curators to create and operate Performance Markets.
Curators deploy and manage their onchain strategies through the Vault infrastructure, while PROSPER provides the underlying technology services supporting the framework.
The launch establishes the foundation for PROSPER’s broader MemeRWA framework, which is designed to make verifiable economic performance data available as a reference for independently priced crypto-native assets.
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