RedStone launches FalconX credit price feeds on three chains

RedStone announced the integration of its oracle infrastructure with Pareto’s FalconX Credit Vault, enabling the vault’s net asset value (NAV) to be published on three additional blockchain networks: Monad, Plume and MegaETH.

How the feed works

The vault, which aggregates institutional USDC deposits to finance FalconX’s prime‑brokerage activities, issues a token called AA_FalconXUSDC that represents the senior tranche of the underlying private‑credit portfolio. FalconX calculates the NAV off‑chain, signs the value, and publishes it to an Ethereum contract. RedStone’s oracle nodes retrieve the signed NAV, verify the signature, enforce deviation limits, heartbeat and staleness rules, and then broadcast the same signed value to the three supported chains.

Benefits for lenders

Lending protocols on Monad, Plume and MegaETH can now reference a single, standardized price feed to determine borrowing limits for AA_FalconXUSDC collateral. Holders can use the token as collateral without redeeming it first, allowing the underlying position to continue earning interest while borrowers obtain other assets.

Risk and liquidity considerations

RedStone emphasizes that the NAV is a fair‑value estimate, not a guaranteed liquidation price. Protocols must apply appropriate haircuts, borrowing caps and liquidation thresholds to account for potential slippage and limited secondary‑market depth. Because AA_FalconXUSDC is a permissioned token, liquidators may need to be whitelisted by the issuer, and secondary‑market liquidity can be thin.

Execution layer – RedStone Settle

To address execution risk, RedStone offers a settlement layer called Settle, which auctions liquidation or redemption rights to KYC‑verified solvers. Selected solvers can use the issuer’s redemption channel to transfer the token, bypassing the need for an open market.

Broader context

The FalconX vault holds over $170 million in private‑credit exposure, with Pareto reporting roughly $225 million locked across its tokenized credit products. RedStone’s infrastructure now supports data on more than 110 chains for over 200 clients, including major DeFi lending platforms.