Under active development. We're continuously fixing and improving the metrics and parameters, so scores and ratings may change. See changelog

RWABeat

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
JSON
Value
$131.5M
Stage
None
Below Stage 0: key facts not disclosed
Single-key powers
7
Single key holds critical power
Oracle age
6d 18h
On schedule
Used as DeFi collateral
$12.5M· 5 markets

Pricing

Is the onchain price right, fresh, and hard to manipulate?

Red

A single key types in the onchain price (manual pricing).

  1. A single key types in the onchain price (manual pricing).

  2. The price updates every 31d 12h, too rarely for private credit.

  3. Consumers can't tell from the feed when the price is stale.

  4. The NAV comes from the issuer, with no independent check.

  5. Write-downs show up at the next NAV.

Staleness visible to consumers
No
Write-downs reach the price
At the next NAV strike

Onchain price reference

Current value
$1.12
Price model
Accumulating NAV
Provider
Pareto
Feed contract
Ethereum0x433D…be4d
Who writes it
A single key (EOA)
Data comes from
Issuer (self-reported)
Expected cadence
Every 31d 12h
History onchain
No

Oracle age

How long since the last onchain update, against the expected cadence.

6d 18hOn schedule
031d 12h94d 12h stale126d+

Last update 22 Oct 2026, 14:22 UTC. Snapshot taken 29 Oct 2026, 08:36 UTC.

How DeFi markets price AA_FalconXUSDC

A lending market that hardcodes $1 won't notice if the NAV drops.

MarketOraclePricing method
Morpho · AA_FalconXUSDC / USDC0x52eA…93FcReads the issuer NAV (0x433D…be4d) through the tranche adapter 0x5044…7dFf.
Morpho · AA_FalconXUSDC / USDC0x52eA…93FcReads the issuer NAV (0x433D…be4d) through the tranche adapter 0x5044…7dFf.
Morpho · AA_FalconXUSDC / AUSD0x52eA…93FcReads the issuer NAV (0x433D…be4d) through the tranche adapter 0x5044…7dFf.
Morpho · AA_FalconXUSDC / AUSD0x52eA…93FcReads the issuer NAV (0x433D…be4d) through the tranche adapter 0x5044…7dFf.
Morpho · AA_FalconXUSDC / mUSD0x52eA…93FcReads the issuer NAV (0x433D…be4d) through the tranche adapter 0x5044…7dFf.