Pharos Network Incubator Invests in Faroo at Tens of Millions of USD Valuation, Launches RWA Hybrid Vault Developed by Faroo
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Pharos Network Incubator Invests in Faroo at Tens of Millions of USD Valuation, Launches RWA Hybrid Vault Developed by Faroo
Pharos Network announces Faroo, the first incubated project of its Pharos Incubation Program since launch.
Navigating Web3 tides with focused insightsJuly 2, 2026—Pharos Network, a Layer 1 public chain focused on real-world finance and AI, officially announced today its first incubated project since the launch of its Pharos Incubation Program, Faroo. As the first and key supported project of Pharos's $10 million incubator, Faroo will receive comprehensive investment and resource support from Pharos, with a confirmed project valuation of $10 million. At the same time, Faroo launches an innovative RWA Hybrid Vault product, expanding yield scenarios for $PROS holders, bringing dual returns combining native staking and RWA yields to a broad range of token holders.
In February this year, Pharos announced the launch of an incubator project with a funding scale of $10 million, with the core mission of connecting real assets with on-chain finance, aiming to support early teams in building innovative applications in the intersection of RWA and DeFi. Participants can receive comprehensive empowerment covering technical guidance, product launch support, and investor network matchmaking. Although RWA has become the core narrative of the crypto industry this year, it currently remains mainly at the "static tokenization" stage, not only lacking composability, but also difficult to be efficiently used as collateral to truly participate in the DeFi ecosystem.
As the first project launched by the incubator, Faroo, leveraging its technical accumulation in the liquid staking field and high strategic synergy with the Pharos ecosystem, is the first to receive a $10 million valuation and full-cycle resource injection from Pharos. The project has joined the Pharos RealFi Alliance, becoming a key link in the ecosystem's liquidity infrastructure.
The Faroo team has rich experience in the cross-chain staking infrastructure field, and its technical solution is built based on the Bifrost SLPx module, combining Layer 1 level security with native cross-chain interoperability. The core innovation of the project is its unique "Hybrid Yield" mechanism, which combines on-chain staking yields with yield sources generated by real-world assets (RWA), providing users with diversified yield exposure.
Pharos Network is a financial-grade, asset-native Layer 1 network, aiming to integrate $50 trillion in real-world assets (RWA), traditional finance (TradFi), and cross-chain capital into a modular on-chain economic system. In April 2026, Pharos officially launched the Pacific Ocean mainnet and $PROS token. To date, Pharos's cumulative financing total has reached $52 million. Faroo is deeply built on the Pharos ecosystem, relying on its native token economic model, RealFi Alliance RWA asset channels, and a comprehensive compliance framework, successfully building a bridge between decentralized technology and regulatory compliance.
Faroo also launches the exploratory Faroo RWA Hybrid Vault staking product, significantly increasing application scenarios and investment opportunities for $PROS stakers. Users by locking staked $PROS further in the vault will receive incentives corresponding to specific enterprise market performance. The launch of this product marks that $PROS token holders will no longer be limited to single staking yields, but can simultaneously obtain on-chain staking rewards and RWA project yields through the Faroo protocol. Pharos Co-founder & CEO Wish Wu stated: "Faroo proves that real-world assets and on-chain staking can be deeply integrated at the same protocol layer. This not only significantly enhances the application scenarios of $PROS, but also provides reusable liquidity infrastructure for the entire RealFi ecosystem."
As the first project launched by the Pharos incubator, the implementation of Faroo fully demonstrates Pharos's comprehensive empowerment capability from the underlying public chain to the application ecosystem. The incubator not only provides $10 million-level funding support, but also relies on Pharos's institutional-grade infrastructure, RealFi Alliance partners, and global compliant financial network to provide full-cycle escort for early projects from technical research and development to market expansion. The Pharos incubator will continue to open to global developers and RealFi innovation teams, taking Faroo as a benchmark to accelerate the construction of the next-generation real yield underlying asset ecosystem, promoting compliant, scalable, and programmable on-chain financial systems towards the mainstream.
About Pharos Network
Pharos is an EVM-compatible Layer 1 public chain focused on real-world finance, oriented towards institutional-grade assets, compliant finance, and global capital liquidity. To coordinate on-chain real financial activities, Pharos deeply integrates deep parallel execution, modular Special Processing Networks with protocol-level compliance infrastructure, integrating ZK-KYC / AML mechanisms, AsyncBFT consensus, and dualVM (compatible with both EVM + WASM), to support RWA, stablecoins, cross-border settlement, on-chain yield markets, and programmable financial products at internet-scale volume. Pharos has established cooperative relationships with multiple top institutions in the global financial system, including Circle, Chainlink, Anchorage Digital, Morpho, and Centrifuge, etc., connecting regulated capital markets with on-chain liquidity venues, allowing real-world assets to be truly allocated to strategies that generate real yields. Pharos was founded led by former core management and technical teams of Ant Group, with investors including Hack VC, Faction VC, Sumitomo Corporation, Flow Traders, SNZ, and other global financial institutions and infrastructure.
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