RedStone prices $170M FalconX credit vault on 3 chains

RedStone has launched price feeds for a FalconX private-credit vault holding more than $170 million in exposure across Monad, Plume and MegaETH. Summary RedStone distributes the FalconX vault’s signed NAV from Ethereum to three additional networks. AA_FalconXUSDC holders can use supported tokens as collateral without first redeeming their positions. RedStone checks updates through signature verification, deviation limits, staleness rules, and circuit breakers. Permission requirements and thin secondary liquidity could still complicate liquidations during market stress. RedStone brings FalconX credit pricing to three chains In a statement shared with crypto.news, RedStone said it had integrated its pricing infrastructure with Pareto’s Credit Vaults, starting with a FalconX vault carrying more than $170 million in private-credit exposure. Through the vault, institutional investors deposit USDC to finance part of FalconX’s prime brokerage business. Depositors receive AA_FalconXUSDC, a token representing the senior tranche of their position in the underlying credit portfolio. Interest earned by the vault accrues within the token’s net asset value, raising its redemption value over time...