sPROS — the reward-bearing LST that lets you earn staking yield and deploy your PROS across the Pharos DeFi ecosystem simultaneously.
The protocol
Value accrues via rising exchange rate. Standard ERC-20 — composable in any AMM, lending market, or vault. No wrappers.
On rewards only, never principal. Half of Lido's 10%. Lower fee, higher user yield, faster adoption.
Tier-1 security audit before mainnet. All core contracts public and independently verifiable. Bug bounty program at launch.
Phase 1: hand-picked validators with high-uptime track record. Phase 3: bond + reputation system, full DAO governance.
Why Pharos
Built for Pharos primitives that no other chain has. Each structural advantage is locked to the Pharos architecture — a multi-chain LST cannot replicate them without rebuilding from scratch.
Only L1 architected for RWA + DeFi composability. Morpho is the official lending partner; RWA strategies emerging. sPROS is the canonical yield-bearing collateral.
L1-Extension SPNs let validators earn additional yield by securing application-specific networks. EVM/Solana LSTs can't replicate without dedicated chain engineering.
zk-KYC/AML at the protocol layer, not third-party middleware. sPROS can be the canonical staked-asset for institutional RWA strategies — a position no chain-agnostic LST can hold.
Mainnet just live (April 2026). The dominant LST on every chain shipped first. Stake hardens into native staking — friction prevents migration.
Read the Phyra whitepaper to understand the protocol design, tokenomics, and 18-month roadmap to full decentralization.