Survival is the first test of DeFi competence. Delivering consistent returns is the second.

At RockawayX, since launching DeFi and CeFi lending operations in 2022, our credit fund has maintained zero defaults and consistent double-digit annual returns while navigating one of crypto's most volatile periods. That includes avoiding catastrophic collapses at Celsius, BlockFi, and Alameda.

This track record reflects the institutional risk frameworks we’ve applied with discipline, our rigorous counterparty diligence, strategy execution, and a deep experience building in the space.

The Numbers That Matter

Zero Defaults Since 2022

RockawayX has operated as an active liquidity provider across DeFi for over three years without a single default.

In an industry where overleveraged lending desks and poorly underwritten credit exposures have destroyed billions in capital, maintaining a clean record requires far more than just caution and expertise.

Our underwriting process evaluates legal structures, collateral quality, counterparty creditworthiness, and operational history before deploying capital. Positions are monitored continuously, with programmatic risk controls that adjust exposure based on changing market conditions.

Double-Digit Annual Returns

Since its first full year of operations, our credit fund has delivered consistent double-digit annual returns through market-neutral strategies. These returns have come from disciplined liquidity provisioning, credit underwriting, and risk-managed yield strategies that perform across market cycles.

Since its first full year of operations, our credit fund has delivered consistent double-digit annual returns through market-neutral strategies. These returns have come from disciplined liquidity provisioning, credit underwriting, and risk-managed yield strategies that perform across market cycles.

During 2022's bear market, when native DeFi yields collapsed and overleveraged lenders imploded, the fund continued delivering positive returns.

$300M+ in Liquidity Provided to Solana

RockawayX has deployed over $300 million in liquidity across Solana applications, establishing deep relationships with leading protocols and firsthand operational experience across the ecosystem. This meaningful active participation over the years has built up a treasure trove of advanced insights regarding protocol mechanics, risk characteristics, and market dynamics.

Deep DeFi Building Experience

Beyond deploying our own capital, our firm has invested in, and collaborated closely with DeFi protocols across the Solana ecosystem:

Pareto Credit

We worked with Pareto Credit to rebuild and reposition the protocol as an institutional-grade on-chain credit marketplace. At the time of engagement, Pareto’s TVL had fallen below $5 million. Through close operational collaboration, we helped scale the platform to over $100 million in total value locked.

Our involvement extended beyond capital. We supported infrastructure reconstruction, brought lending operations in-house, strengthened legal protections for lenders, and redesigned the business model to improve long-term value capture. This hands-on experience provides practical insight into structuring and scaling on-chain credit systems at an institutional standard.

KaminoKamino is the largest money market on Solana with over $4 billion in assets. We invested in the team in 2024 when we saw an open opportunity in Solana’s money market segment and a team ready to build the needed one-stop-shop.

OnRe

As an early investor of OnRe, we’ve worked closely with the team as they’ve scaled, in less than a year, to become the ninth globally ranked Solana RWA protocol by TVL. The team surpassed $90 million in TVL by sustaining roughly 50% month-over-month growth.

Applying Our Capabilities To Vault Curation

As a large liquidity provider, RockawayX has long been a client of vault curators, deploying capital across lending protocols and structured credit strategies throughout DeFi. This firsthand experience gives us a clear understanding of what works and what fails from the perspective of a sophisticated institutional allocator.

With DeFi vault deposits surging over the past twelve months and RWA markets projected to reach $20 trillion in tokenized assets by 2033, we consolidated our operational and investment experience into a dedicated vault curation business. The team combines traditional finance expertise from firms such as KPMG and Société Générale with deep crypto-native experience from MEV Capital, among others.

Three vaults on Solana are currently being prepared.