We’ve launched a new curated vault on Lista DAO, bringing our institutional risk framework to BNB Chain for the first time. The vault, “RockawayX PT Yield (roxptUSDT)”, delivers fixed-yield stablecoin exposure via Pendle Principal Tokens (PTs) curated on Lista Lending.
About the Vault
Our PT Yield vault is USDT-denominated.
Depositors earn yield derived from exposure to perp funding, MAS-regulated USDG reserves (US T-bills and cash equivalents) and reinsurance contracts, with three partners supporting the vault’s operations alongside our team serving as the vault curator.
Lista DAO operates the BNB Chain Morpho fork, handling market creation and liquidation infrastructure; Pendle provides PT issuance, AMM liquidity, and the cross-chain bridge; and LayerZero serves as the underlying messaging layer for the OFT bridge.
RockawayX's Approach to Risk
This vault operates under the same institutional risk framework we apply across all of our vault products. Every collateral asset is evaluated across five dimensions: token maturity, audit history, DEX liquidity depth, oracle reliability, and governance structure. Allocations are actively monitored and rebalanced to manage exposure, yield, and liquidity on an ongoing basis.
Borrowers are required to over-collateralize beyond protocol defaults, and no single market exceeds defined concentration caps. Governance is structured with a 72-hour timelock on all material vault changes, and an independent guardian multisig retains veto power over pending actions.
This approach reflects our track record as a liquidity provider (deployed over $1bn across 50 DeFi protocols) and five years of market-neutral lending through our Credit Fund, with no defaults since inception and consistent double-digit annual returns since its first full year.
For more on how we approach risk management, watch Nassim Alexandre’s Vault Summit talk where he dives into real-time monitoring, incident response, and more.
About RockawayX
RockawayX is a leading digital asset investment firm operating across venture, liquidity, curation, and infrastructure, with over $2 billion in collective assets under management. Through its evolved approach to on-chain yield, the firm applies institutional-grade credit underwriting to construct, monitor, and manage diversified exposure across stablecoin and real-world asset strategies.
This framework is supported by advanced allocation models, automated risk controls, and real-time opportunity detection, enabling the firm to maintain a zero-default record across CeFi and DeFi lending since 2022.
In periods of heightened market volatility, RockawayX can also deploy proprietary capital to stabilize markets and backstop liquidations. The firm’s market neutral fund has provided > $1bnm in TVL over the last four years.
About Lista DAO
Lista DAO is the leading lending protocol on BNB Chain, offering lending, BNB liquid staking, and dex. With $4.5B+ peak TVL, 80%+ BNB liquid staking market share, and 960K+ BNB staked. Curate vaults, fixed-rate markets, and RWA collateral support.
