This document outlines the mechanism design and system architecture of the Paimon Protocol and does not constitute investment advice, an offer to sell securities, or a solicitation of an offer to buy securities. The Protocol involves alternative assets such as Real-World Assets (RWA), pre-IPO equity and private fund interests, whose legal attributes, investor suitability, and information disclosure are subject to the regulations of relevant jurisdictions. All parameters are subject to the on-chain contracts and governance charter.
Paimon Finance is a BSC-deployed protocol that lets DeFi users hold and trade exposure to assets that historically only existed inside traditional finance — money-market funds, pre-IPO equity SPVs, private credit. We do this through two live product lines that share a common issuance and reputation infrastructure.
| Product | What it is | Who it serves | How users hold it |
|---|---|---|---|
| PP — Paimon Prime Vault | An ERC-4626 RWA fund holding a tiered portfolio (cash → money market → long-duration RWA) | DeFi users wanting diversified yield exposure with predictable redemption rules | PP ERC-20 share token |
| Pre-IPO SPV Tokens | Tokenization of single-issuer private equity SPVs (today: SpaceX SPV) using a two-token EIP-3643 + Shadow ERC-20 design | DeFi users wanting targeted single-asset exposure without going through KYC, plus institutional holders who want full settlement rights | Retail: xSPCX (free transfer)Institutional: pSPCX (KYC-gated security token) |
Both products are issued through a shared Launchpad (4-Layer points-gated drop) and accumulate a shared on-chain reputation (Points + Badges).
- Launchpad —
LaunchpadDropV4 with 4-Layer pricing, points-and-USDT double gate, refund window, and Batch / MerkleClaim settlement modes - Points System —
PointsHubV2aggregates points fromStakingModule(PPT staking, 1×–2× boost),LPStakingModule, and future modules - Soulbound Badges —
PaimonBadgemints non-transferable achievement NFTs per drop participation - Compliance Layer —
EIP3643Token+ShadowERC20+TokenBridge+KYCAggregator, currently used for pSPCX/xSPCX, designed to scale to additional pre-IPO assets
User-facing tokens that holders directly interact with on BSC mainnet:
| Contract | BSC Mainnet address |
|---|---|
PPT (Prime Vault) |
0x8505c32631034A7cE8800239c08547e0434EdaD9 |
pSPCX (EIP-3643) |
0x6DC9a487bF8Fd047e41AB336003AE6e4FE602646 |
xSPCX (Shadow) |
0x05353Dabf163Fb2fec87f9e0f00f94Eae4AC1631 |
LaunchpadDrop V4 |
0xea088Af719F3238982823fa5eE1C1FaCb2E0e231 |
PaimonBadge |
0x48e9a6846D9722599621aF8A6af0F23b0dB8184a |
PointsHubV2 |
0x748560eaCcd4C01FC29b3B5b72d3b8C85B2B5017 |
StakingModule |
0x80D9b50f4f1ECdd30CD61E400bf8B9b74eC8795f |
Operational and compliance-layer contracts (settlement, treasury, KYC, oracle adapters, redemption infrastructure) are intentionally not enumerated here. They are managed under multisig + timelock and visible on-chain through the user-facing tokens above.
To avoid confusion: documents such as the Tranche Vault (sPP/jPP), the PAIMON token, vePAIMON governance, esPAIMON vesting, the Paimon DEX, and the automated Protection Band describe future designs, not deployed code. Sections covering these features carry a "Phase 2 Concept" banner. Refer to the Roadmap for sequencing.
- DeFi users seeking diversified RWA yield via PP
- DeFi users seeking single-asset pre-IPO exposure via xSPCX
- Institutional holders that need settled, KYC-clean positions in pSPCX
- Asset issuers seeking a compliant tokenization + distribution venue
- Executive Summary
- System Architecture
- Paimon Prime Vault (PP) — ERC-4626 RWA fund
- Pre-IPO SPV Tokens (pSPCX / xSPCX) — SpaceX SPV tokenization
- Launchpad: 4-Layer Drop
- EIP-3643 Compliance
- Points and Badges
- Risk Disclosure
- Website: paimon.finance
- X (Twitter): @Paimon_Finance
- GitHub: Paimon-R-D
- Telegram: paimon_rwa