FalconX Credit Vault

Non-US professional investors. Onchain allowlist is KeyringIdleWhitelist policy 18.

'Min. investment: 250,000 USDC'. Redemptions have the same 250,000 USDC minimum.

Keyring whitelist. isWalletAllowed must pass before a deposit.

Onchain supply × price (tracked chains only)

USDC is lent to the FalconX borrower wallet to fund prime-brokerage credit lines; collateral sits with FalconX. The junior tranche has zero supply onchain.

'Institutional credit lines managed by FalconX': one borrower.

Inception 2025-07-10. No write-off found; a negative 7-day APY seen on 2026-10-14 is unexplained.

Disputes are listed as United Kingdom. The legal entity name is not public, so the legal-entity disclosure check still fails.

No providers are named.

Collaborative audit, August 2025; an earlier Idle credit vault contest ran in December 2024.

Docs list addresses only; no admin roles described.

Read at block 26190113

Read at block 26190113

Read at block 26190113

Read at block 26190113

Monthly-epoch credit facility to FalconX.

Interest reported by the borrower and set at each epoch; no independent attestation found.

priceAA is USDC per token (6 decimals), set when the operator stops the epoch from interest the borrower pays. latestHarvestBlock stores a timestamp despite the name. The contract management fee is 200 / 100000 = 0.20% per year. The performance fee in the contract was 0; rwa.xyz says 10%. Morpho's funded USDC market reads that same price through TranchesChainlinkOracle 0x50449B3D1f5931d568A1951Ee506A9534e7f7dFf (cdo() is this vault).

The tranche price getter carries no timestamp; it only changes at epoch end.

Write-offs land at the next monthly epoch.

Monthly, with 31 days' notice. Fee 0. An instant-withdraw window exists in the contract (3-day delay) but it is limited and was closed at review (deadline 2026-10-04).

31-day notice, then the monthly epoch. epochDuration is 2,721,600 seconds (31.5 days).

The owner Safe can pause or call emergencyShutdown with no published limit. Separately, startEpoch pauses deposits and turns withdrawal requests off until the epoch stops. That is why the vault reads as paused while an epoch is running. Legal suspension terms were not found.

Monthly (calendar).

'31-day notice period for redemptions applies. Early exit available (when applicable).'

IdleCDOTranche is a plain ERC-20 with no transfer hook; only deposits are KYC-gated. Morpho holds 9.5% of supply.

Top 10 wallets on Ethereum

$1M, $5M and $10M sells into USDC, against NAV

Morpho API, Aave pools onchain