ParetoROX-USDC, issued by the Pareto Protocol smart contracts under the governance of DAO and multisig tokenholders, is a tokenized private-credit vault that represents a verified lender's onchain lending position in an institutional credit facility. [S1][S2]

Holders supply U.S. dollar (USD) stablecoins into the RockawayX Credit Vault, which lends to the whitelisted RockawayX borrower; liabilities are backed by the RockawayX Credit Fund's diversified onchain and offchain assets. [S3] Lenders hold LP tokens evidencing the position and earn fixed or variable interest paid by the borrower across fixed settlement cycles. [S2] A 10% performance fee applies to this facility. [S3]

The interface terms are entered into between Idle DAO LLC, trading as Pareto, and the user; the asset is not issued by a single corporate entity but by the protocol's smart contracts under DAO and multisig governance. [S4][S1] The lender's claim is an LP token governed by a Master Loan Agreement signed onchain plus the Terms of Service. [S5][S2] Lending is restricted to verified lenders, with KYC and KYB performed through Keyring; users must be at least 18 and are excluded if resident in embargoed jurisdictions. [S5][S4] Redemptions are cycle-based, with a claim the following cycle and a 72-hour early-exit option. [S2]

The position is issued onchain, with the broader Pareto protocol operating across Ethereum, Polygon, Arbitrum, and Optimism. [S3] Verified lenders mint by depositing USDC; redemptions settle on fixed time cycles of one to four weeks, with weekly keeper rebalancing of backing across liquidity tiers. [S2][S6] Reporting of securitization, including multi-tranching and NAV, is published onchain. [S2]

<Sources
  retrievedAt="2026-06-21"
  items={[
    { id: "S1", url: "https://docs.pareto.credit/" },
    { id: "S2", url: "https://docs.pareto.credit/product/credit-vaults.md" },
    { id: "S3", url: "https://docs.pareto.credit/product/credit-vaults/live-vaults.md" },
    { id: "S4", url: "https://pareto.credit/terms-of-service/" },
    { id: "S5", url: "https://docs.pareto.credit/product/users/lenders/verification.md" },
    { id: "S6", url: "https://docs.pareto.credit/product/usp/allocation.md" },
  ]}
/>


# Asset senders (weekly) methodology

## 1. Overview

`Asset senders (weekly)` is defined as the number of unique addresses that initiate asset transfers over a rolling 7-day period. For each tracked asset, outgoing transactions are analyzed to identify the addresses responsible for moving tokens. This metric is utilized as a key indicator of weekly user activity and transactional engagement for tokenized assets across various blockchain networks. By aggregating unique sending addresses within a moving 7-day window, short-term fluctuations are smoothed out to provide a clearer view of active adoption.

## 2. Data sources

- **EVM chain events**: ERC-20 token transfers, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: Token transfer instructions
- **Other blockchain data**: Token transfer and withdrawal events from Aptos, Near, Polkadot Asset Hub, Stellar, Sui, Ripple, and others
- **Asset metadata**: Token contract addresses and asset mapping datasets

## 3. Step-by-step calculation

### Component A: Extraction of daily sending addresses

- **Purpose**: Identify and extract unique addresses initiating token transfers on a daily basis for each asset.
- **Logic**: On EVM-compatible chains, sending addresses are extracted from ERC-20 token transfers where the sender address is not the null address. On Solana, sending addresses are identified from token transfer instructions using the authority address. On Aptos, Sui, Cardano, and Stellar Classic, sending addresses are retrieved from token withdrawal events. On Stellar Soroban, transfers are parsed from Soroban token transfer events, excluding mint transactions where the sender address is null. On Polkadot Asset Hub, `Transferred` events from the `assets` pallet are parsed to identify the sender. On Ripple, outgoing transfers are identified where the transaction value is negative. On Near and Injective, sending addresses are extracted from token transfer events where the sender address is populated.
- **Key fields**: `timestamp` (block time truncated to the day), `token_address` (the contract or asset identifier), `sender_address` (the address initiating the transfer)

### Component B: Rolling 7-day window aggregation

- **Purpose**: Aggregate daily active senders into a rolling 7-day window to calculate weekly activity.
- **Logic**: A daily datespine is generated to establish a continuous timeline. For each day in the timeline, a rolling 7-day window is constructed by looking back at the preceding six days. Daily unique sending addresses are mapped to each active window based on their transaction timestamps.
- **Key fields**: `timestamp` (the reference day for the rolling window), `token_address` (the asset identifier), `sender_address` (the address active within the window)

### Component C: Final deduplication and aggregation

- **Purpose**: Calculate the final weekly unique sender count per asset and chain.
- **Logic**: Within each rolling 7-day window, sending addresses are deduplicated to ensure each unique address is counted only once per asset, regardless of transaction frequency. The deduplicated counts are aggregated at both the individual chain level and the global asset level. Missing dates are filled with zero values to maintain a continuous time series.
- **Key fields**: `timestamp` (the reference day), `chain_id` (the blockchain identifier), `token_address` (the asset contract address), `asset_senders_weekly` (the count of unique weekly sending addresses)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique asset senders over a rolling 7-day window.

Asset senders (weekly)

Tokenized funds

The platform operates through a modular system where institutional borrowers configure custom credit vaults with specific parameters, lenders deploy capital through compliant KYC processes using zero-knowledge proofs, and curators provide underwriting expertise to structure credit products. Revenue is generated through interest spreads on credit facilities, with automated smart contract infrastructure handling accounting, interest distribution, and risk management across diversified institutional counterparties.

The platform facilitates on-chain credit markets by offering structured lending products to institutional borrowers like prime brokers, trading firms, and hedge funds, while enabling lenders to access yield opportunities through diversified credit vaults. Pareto also operates USP, a synthetic dollar protocol backed by real-world private credit, and sUSP, its yield-generating staking derivative that provides exposure to institutional credit lines.

Pareto is a blockchain-based platform that operates an institutional-grade private credit marketplace connecting traditional finance with decentralized finance infrastructure.

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Stablecoin issuers

Pareto

RockawayX Credit Vault (ParetoROX-USDC) is a tokenized fund share issued by Pareto.

The fund is open-ended and invests in private credit and crypto assets.

Retail investors, professional investors, accredited investors, qualified investors, qualified purchasers, and institutions can subscribe and redeem in USDC and instant subscription settlement after completing KYC, and holders have a right to redeem at net asset value with monthly settlement.

ParetoROX-USDC has been issued on Ethereum as an ERC-20 token since July 2025.

RockawayX Credit VaultParetoROX-USDC