The RWA public chain Pharos, which has a background in the Ant team, will be launched on the main network tomorrow, and various infrastructure projects on Pharos have also begun to ask for directions. Currently, Faroo is making rapid progress, focusing on Pharos liquidity pledge. If we compare it to Monad, before Monad TGE, the community first promoted Monad's liquidity pledge project aPriori. Pharos, as an EVM compatible with L1, also has liquidity staking (Lido, EtherFi) like ETH. According to the RealFi Alliance (Chainlink, L0, Re7, Faroo, etc.) released by Pharos earlier, it seems that @ Farooxyz is currently the leader in locking in Pharos' liquidity properties. Faroo can also be said to be one of the bases of Pharos public chain, officially endorsed by RealFi Alliance and controlling the liquidity lifeline. Digging deeper into Faroo's background, it is a project incubated by Bifrost. Many roadshows and attendees for the two projects were done together, and there is also a direct technical inheritance relationship (which will be discussed later). Compared to the new project Faroo, Bifrost is obviously familiar to everyone, as it was one of the early parallel chains in the Polkadot era. So what is the technical connection between Faroo and Bifrost? Bifrost has a technology called SLP (Staking Liquidity Protocol). The largest liquidity token vDOT on Polkadot now is made by Bifrost through the SLP technology, which has been tested for a long time. This time Faroo also inherited this technology, which allows Pharos' PROS token to first cross over to the Bifrost chain, then become LST through SLPx, and then cross LST to Pharos. If we do this, it seems like our intuition has changed. Why not imitate Lido on the Pharos blockchain and cast it directly through smart contracts? The main issue is that SLPx technology is readily available and supports cross chain support natively. The protocol security is guaranteed by the nodes of the Polkadot chain, so Faroo, as an associated project of Bifrost, inherits this ready-made and time tested technology natively. Speaking of which, this can also be considered as Bifrost's attempt to break away from the stereotype of Polkadot parallel chains and pursue full chain revenue. Additionally, Pharos is primarily focused on RWA. So projects within the ecosystem are more or less related to RWA. Faroo, as a liquidity pledge agreement for the Pharos ecosystem, integrates Staking and RWA revenue, known as the Hybrid Yield concept. Each of the three products has its own responsibilities: StPHRS: Liquid type staking token, native encryption staking reward+underlying RWA cash flow income, is the core of the entire system; TbPHRS: anchor the yield of treasury bond on the chain, provide dollar based yield, and correspond to the interest of real world assets (treasury bond, credit, etc.); LP Vault: Automated market making strategy vault that captures the commission income generated by on chain trading activity. However, there is not much information currently disclosed in this area, so we will update the subsequent sharing when there is more information later, such as what asset layer RWA is and how much APR it has.