From Bridge to Yield — The Financial Stack Goes On-Chain

We're excited to announce a major upgrade on Pharos Testnet: the first financial stack built on-chain is live. This release showcases 5 composable applications that mirror real-world TradFi workflows, demonstrating the immense potential of programmable finance.

What is Pharos First On-Chain Financial Stack?

Pharos now features a suite of dApps that work together to create a truly decentralized financial ecosystem:

• Fiamma: A trust-minimized Bitcoin bridge leveraging BitVM2 and zero-knowledge proofs. Fiamma allows users to move BTC via an on-chain bridge securely. It's live in beta on Pharos and has already seen significant traction with over 90K users and 110K+ transactions across testnets. 
• Primus: A zkTLS/FHE network verifying Web2 data and enabling encrypted computation on-chain. Primus enables private and compliant data attestations on-chain, opening up new possibilities for secure and confidential data management within DeFi. It is now integrated into the Pharos testnet ecosystem.
• AutoStaking: An AI-powered stablecoin yield aggregator. Users can connect their wallets, deposit testnet stablecoins, and let the AI optimize yield strategies. AutoStaking is currently offering an attractive ~10% APY during the testnet phase.
• Brokex: The first fully on-chain CFD exchange (CLOB) on the Pharos testnet. Brokex supports decentralized trading of forex, gold, and other assets with low latency, powered by Supra Oracle. It has already surpassed 100K users and 500K transactions, demonstrating the demand for on-chain derivatives trading.
• AquaFlux: A DeFi protocol unlocking RWA liquidity and yield through its innovative Tri-Token model (P, C, S). AquaFlux enables users to customize risk and return on-chain, DeFi-ing the future of structured RWA derivatives. Its Tri-Token model reimagines a single RWA bond as three distinct, composable tokens.

The Power of Composability

Each of these applications runs entirely on-chain, highlighting the transformative potential when robust infrastructure meets innovative design. The composability of these applications allows for the creation of complex and sophisticated financial products and services, all within a transparent and decentralized environment.

What makes this stack different:

• All apps run fully on-chain (no hybrid settlement)
  
  
• Each product is modular, interoperable, and built for performance
  
  
• They demonstrate real-world TradFi workflows on public blockchain rails
   

Get Involved & Explore the Future of On-Chain TradFi

Pharos is designed with unifying web2 and web3 in mind. We encourage developers, institutions, and anyone interested in the convergence of TradFi and DeFi to explore the Pharos Testnet. Experiment with these applications and discover how Pharos is building the infrastructure for the next generation of on-chain financial products, particularly RWA asset pools. Your feedback is invaluable as we continue to refine and expand the Pharos ecosystem.

Plus, the Testnet-native Bitget Wallet Faucet is live. Connect Pharos Testnet with Bitget Wallet and claim exclusive 0.3 $PHRS every 24 hours. Gather your Testnet token in one more approach. Don't miss out! 

Testnet Link: https://testnet.pharosnetwork.xyz/ 

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