FalconX Credit Vault
Senior tranche of the FalconX credit vault on Pareto. USDC is lent to one FalconX borrower wallet, which funds prime-brokerage credit lines. Collateral sits offchain. The junior tranche has no tokens outstanding, so there is no onchain first-loss buffer. This is the vault FalconX announced and that rwa.xyz lists as AA_FalconXUSDC, not Plume's NFALCON or Sygnum's Desygnate. A deprecated Pareto deployment on Optimism is not tracked.
Private creditNon-US professional investors onlyTransfer-restrictedOnchain dataIssued by M11 Credit · Platform Pareto
Value
$131.5M
Stage
None
Below Stage 0: key facts not disclosedSingle-key powers
7
Single key holds critical powerOracle age
6d 18h
On scheduleUsed as DeFi collateral
$12.5M· 5 markets
Lending markets
Where AA_FalconXUSDC is accepted as collateral, and how each market prices it.
| Market | LLTV | Oracle | Collateral | Borrowed | Util. |
|---|---|---|---|---|---|
| Morpho · AA_FalconXUSDC / USDC Ethereum · borrow USDC | 91.5% | $1.12 | $0.96 | 90.5% | |
| Morpho · AA_FalconXUSDC / USDC Ethereum · borrow USDC | 77% | $12.5M | $7.0M | 88% | |
| Morpho · AA_FalconXUSDC / AUSD Ethereum · borrow AUSD | 77% | $144.97 | $103.79 | 89.9% | |
| Morpho · AA_FalconXUSDC / AUSD Ethereum · borrow AUSD | 91.5% | $0 | $0 | 0% | |
| Morpho · AA_FalconXUSDC / mUSD Ethereum · borrow mUSD | 77% | $0 | $0 | 0% |
Source: Morpho API, Aave pools onchain · snapshot 29 Oct 2026, 08:36 UTC
Collateral by protocol
- Morpho$12.5M100%
Totals
- Collateral
- $12.5M
- Borrowed against it
- $7.0M
- Markets
- 5
- Share of supply
- 9.5%