We're excited to launch our first RockawayX-curated vault on Lista DAO - unlocking collateral utility for Pendle's Principal Tokens (PT). Depositors gain diversified stablecoin exposure from Ethena’s sUSDe (ETH & PLASMA), Paxos’ USDG, and Re’s reUSD, earning yield by lending against PTs.
Why PT? Pendle PTs trade at a discount and redeem 1:1 for their underlying at maturity, effectively a fixed-yield, zero-coupon bond on top of the most liquid yield-bearing assets in DeFi. Using PT as collateral lets you keep that locked-in yield while freeing up borrowing power.
Launching now are RockawayX-curated USDT vault that provides loan asset - USDT - to several lending markets that take PT tokens as collateral. These markets include:
Collateral | Cap | LLTV |
PT-USDG-28May2026 | 5,000,000 | 94.50% |
PT-sUSDe-ETH-7MAY2026 | 10,000,000 | 86.00% |
PT-sUSDe-Plasma-18JUN2026 | 5,000,000 | 91.50% |
PT-reUSD-25JUN2026 | 2,500,000 | 86.00% |
Why RockawayX Curation? Every vault is underwritten by RockawayX's risk framework - evaluating underlying asset quality, Pendle AMM depth, oracle design, and time-to-maturity exposure. With their proven track record as a liquidity provider and a credit fund operator, RockawayX will bring their expertise to Lista, offering depositors steady yields.
At launch, Lista will direct emissions to RockawayX vault depositors with a total supply of $25,000 worth of $LISTA, $MOOLAH, and $屎壳郎 tokens.
Get started now → RockawayX vault
RockawayX is a crypto-native firm operating across three pillars: Investments, Liquidity, and Infrastructure. As early seed backers of Solana with 100+ portfolio projects and $2B+ in assets, RockawayX has shaped multiple ecosystems from the ground up. On the liquidity side, the team is one of the most active on-chain LPs in DeFi, with $500M+ TVL deployed across 50+ protocols and 200+ assets assessed — the same underwriting rigor now applied to curated vault on Lista. A 45-person team spread across offices in London, Prague, and Dubai keeps a global pulse on market structure and emerging primitives.
Learn more at rockawayx.com.
Always DYOR. PT collateral carries smart-contract, oracle, and underlying-asset risks. Medium-to-high-risk vaults are suitable for sophisticated users only.