Crypto credit markets have entered a new mature phase. With funding rates now compressed, it’s clear that the returns of past eras were never sustainable. For yield-seeking capital, this shift has created a clear need to explore new, durable sources of onchain return.
Today, most fixed-income opportunities in DeFi are either scarce, variable, or dependent on centralized originators. Pareto changes this equation by offering structured, fixed-return products built entirely onchain. Investors can access curator-underwritten credit opportunities directly through Pareto and then compose these positions with other protocols, unlocking additional layers of utility and liquidity.
Because of these market dynamics, as well as onchain private credit markets reaching record highs globally, we see this as the ideal moment to introduce our Credit Vault on Pareto.
Through the Vault, institutional lenders can now access the performance of our flagship credit fund, previously available only to private investors, through a programmable, onchain fixed-rate lending facility.
By depositing to the Vault to gain access to our Credit Fund, which has over a three-year track record of zero down months and a 19% net return in 2024, depositors gain predictable returns, full transparency, and the ability to integrate seamlessly into broader DeFi strategies (stay tuned for more updates there).
Capture High-Yield, Low-Risk Credit Opportunities
The RockawayX Credit Vault offers institutional lenders a rare combination of double-digit returns, low credit risk, and the structural advantages of onchain lending. Providing a fixed 10% annual return, it outperforms comparable fixed-income products in traditional finance, where similar profiles might yield closer to 5%. Some institutional participants, including foundations, are already subscribing through loan structures to target even higher yields of 15–20%.
To deposit, participants complete privacy-preserving KYC checks, meeting regulatory requirements without exposing sensitive personal information.
Deposit Now - https://app.pareto.credit/vault#0xEC6a70F62a83418c7fb238182eD2865F80491a8B
The fund’s risk is actively managed through a conservative capital structure and broad diversification. With $10 million already deployed to the Credit Vault and $100 million in fund's capital backing the loans, the debt-to-equity ratio stands at only 10%. The portfolio is spread across ~30 active positions, including exposure to RWAs, liquidity provisioning to DeFi protocols, cash-and-carry trades, and other fixed-yield strategies, ensuring that no single borrower dominates the exposure. As Vault capital is senior to the Fund’s LP capital and the current debt-to-equity is ~10%, first losses are absorbed by LPs, further safeguarding creditor capital.
Liquidity is another key strength. Investors can join at any time with USDC (and even queue deposits ahead of each monthly cycle), earn interest monthly, and redeem monthly, with early-exit options available. Capital from the Credit Vault is deployed dynamically based on prevailing market opportunities, with a focus on liquid, short-term strategies such as cash-and-carry trades and other fixed-yield strategies..
“We’re proud to launch RockawayX’s first Credit Vault on Pareto – the first, and certainly not the last, direct private credit access point to DeFi. Backed by disciplined structuring and deep digital credit expertise, this Vault offers lenders professionally underwritten opportunities with a strong focus on risk-adjusted returns. Our goal is to lead the market in bringing the largest institutions onchain as private credit expands in 2025 and 2026. By providing exposure to some of the world’s most trusted private credit managers, under strict compliance standards, we aim to raise the bar for quality and deliver only high-caliber funds with world-class reputations to investors globally.” - Matteo Pandolfi, Co-founder of Pareto
Built on Pareto’s programmable credit infrastructure, lenders can borrow quickly while maintaining a direct relationship with borrowers, eliminating intermediaries and enabling composability. Through future DeFi integrations, LP tokens can be looped into leveraged positions. In this strategy, an investor deposits into the RockawayX Credit Vault on Pareto, receives an LP token, posts it as collateral on another DeFi platform, borrows against it, and redeposits into the Credit RockawayX Vault. This process is repeated (“looped”) to amplify returns beyond what’s achievable by only depositing into the Vault.
Continuing Our Work with Pareto
The launch of the RockawayX Credit Vault marks the next chapter in our collaborative relationship with Pareto. Since first engaging with the team, we have worked closely to help them evolve from an early-stage DeFi credit protocol into one that sets new standards for onchain institutional credit: lenders connecting directly with borrowers without intermediaries, strategies that can be composed across platforms, and opportunities that were once exclusive to a small set of institutions now accessible to a global market.
“As one of the earliest institutional digital asset credit funds, we’ve spent years refining lending strategies that work in both volatile and stable environments. We’ve seen growing demand from investors looking for stable, fixed returns in the space, and launching our own Credit Vault was a natural next step to scale our credit strategy. Having worked closely with Pareto, we have first-hand experience of their deep expertise in building institutional-grade credit infrastructure. We are confident of meeting increasing investor demands for a platform just like this which offers seamless access to double-digit, stable yield backed by a diversified portfolio.” - Adam Bilko, Portfolio Manager at RockawayX
Today, Pareto’s Credit Vault architecture represents the culmination of our efforts. It contributes to Pareto’s mission to replace opaque, fragmented loan origination with programmable onchain infrastructure that establishes a scalable and transparent credit marketplace onchain.
By adding the RockawayX Credit Vault to the platform, we expand the diversity of borrower profiles available to lenders and introduce a new access point for institutional-grade credit strategies.
Helping Set A New Standard For Onchain Credit
The RockawayX Credit Vault on Pareto is more than a new investment product. It reflects a shared vision for the future of onchain credit.
In today’s market, fixed-income opportunities with predictable returns and low credit risk remain rare. By combining Pareto’s programmable credit architecture with the RockawayX Credit Fund’s disciplined approach to risk management and capital deployment, we have created a Credit Vault that delivers reliable, risk-adjusted yields for institutions seeking an alternative to traditional DeFi mechanisms.
This launch also marks an important step in our growing collaboration with Pareto. Together, we are expanding access to institutional-grade credit strategies, bringing new borrower profiles to the platform, and proving that private credit can thrive onchain without sacrificing quality or investor protections.
Explore the RockawayX Credit Vault - https://app.pareto.credit/vault#0xEC6a70F62a83418c7fb238182eD2865F80491a8B
