Faroo Gets $10M Boost and Launches New Asset Vault

Pharos Network, a Layer‑1 blockchain that merges real‑world finance with AI, has selected Faroo as the inaugural project in its new incubator program. The partnership includes a $10 million investment and full support, valuing Faroo at the same amount. Simultaneously, Faroo is launching a Hybrid Vault that lets token holders earn from both on‑chain staking and real‑world assets.

Incubator Overview

Launched in February 2026, the incubator aims to help teams blend real‑world assets (RWA) with decentralized finance (DeFi). Many projects struggle because tokenised assets cannot be used as collateral in DeFi. Pharos intends to solve this by offering:

• Technical assistance
• Product launch support
• Access to a global investor network

Why Faroo?

Faroo already boasts robust staking technology built on Bifrost’s SLPx module, granting Layer‑1 security and cross‑chain compatibility. Its new Hybrid Yield system merges traditional staking rewards with returns from real‑world investments, providing users with diversified earning avenues.

Broader Impact

Faroo’s success exemplifies what Pharos’ incubator can achieve—from foundational infrastructure to a thriving application ecosystem. The program remains open to developers worldwide, accelerating the development of next‑generation real‑yield asset platforms that are safe, scalable, and primed for mainstream adoption.