RockawayX

Rejected venues wait the longest for re-review; a rejection has to earn another look before the scheduled date.

REJECTED ON A YOUNG, UNVERIFIED TRACK RECORD AND A SELF-ADJUDICATED CONFLICT OF INTEREST. RockawayX is Blockad s.r.o., a Czech-registered crypto venture and trading firm operating since roughly 2018 as Rockaway Blockchain Fund, but its vault-curation business line — the roughly $192M this entry covers, spread across seven different underlying protocols on eight chains — only launched around 2026-03-26, about five months before this review, and grew about 90% in the three months before this review, a pace this registry treats as a stress precursor rather than a track record. RockawayX is simultaneously an active venture investor and a curator that has rapidly filled vaults for at least one ecosystem project, Tori Finance; RockawayX’s own disclosure states Tori is backed by other venture firms and not a RockawayX portfolio company, addressing the conflict directly, but RockawayX is the only source for its own disqualification from that conflict, and no independent cap-table verification exists. No independent, non-RockawayX-authored coverage of the curator business was found anywhere.

Kill criteria: the events that revoke this verdict
• An independent, non-RockawayX-authored verification of Tori Finance’s cap table confirms RockawayX’s claimed non-investor status
• The constrained-authority multisig and timelock model documented for the Tori vault is confirmed to apply across the Morpho, Kamino, and Midas positions making up the bulk of TVL
• Twelve consecutive months of track record across a full market cycle with no curator misjudgment or bad-debt event
• Independent, non-RockawayX-authored coverage of the curator business becomes available

The research file

Mechanism and heterogeneity

RockawayX’s curator TVL is not one product — it spans Morpho vaults on Ethereum, Base, Sei, and Pharos, Kamino Lend vaults on Solana, Midas tokenized RWA tokens on Ethereum, Plume, and Etherlink, Upshift and Term Finance vaults on Ethereum, and Ember and Lista positions on Ethereum and Binance Chain. RockawayX describes a four-layer risk framework with stated portfolio caps (25% single-protocol, 40% single-oracle, 40% correlated-asset, 60% single-chain), a real disclosed structure, but the underlying legal and technical claim a depositor holds differs entirely by venue — this is a basket of materially different risk profiles bundled under one curator brand, not one homogeneous product a client can evaluate as a single position.

A young business line with rapid growth

The vault-curation line launched around 2026-03-26. TVL crossed $100M by 2026-05-08 and reached roughly $192M by this review — growth on the order of 90% in about three months for a business line roughly five months old in total. RockawayX’s own marketing cites this pace as a strength; this review treats rapid TVL growth in yield-seeking curator vaults as a known precursor to concentration and liquidity stress rather than a clean signal of quality, particularly with no track record spanning a full market cycle.

The self-adjudicated conflict of interest

RockawayX is an active venture investor with a stated portfolio of 15-plus projects, operating alongside its new curator role that has rapidly filled vaults for at least one ecosystem project, Tori Finance. RockawayX’s own risk disclosure for the Tori vault states Tori is backed by Delphi Ventures, ScaleX Ventures, and QInvest, ”separate from RockawayX” — directly addressing a related-party allocation concern. But this claim rests entirely on RockawayX’s own disclosure; no independent cap-table or investment-record source was found to corroborate it. A curator asserting its own independence from the projects it allocates capital to, with no external verification, is not the same as an independently confirmed absence of conflict.

Control and redemption

For the Tori vault specifically, RockawayX’s own documentation states it holds no custody and no unilateral authority — allocation signals are non-binding until ratified, and material changes require a 4-of-6 multisig across RockawayX, Tori, and Upshift plus a 24-hour timelock, a real disclosed check. Whether this same constrained-authority model applies to the Morpho, Kamino, and Midas positions making up the bulk of RockawayX’s TVL was not confirmed — it is only documented for the Tori product family. Redemption across the vault family is explicitly liquidity-gated rather than instant; the Tori vault specifically carries a locked predeposit phase of roughly 30 days followed by a 7-day cooldown to unstake.

Track record and comparison

No independent source — press coverage, research writeups, or third-party analysis — of RockawayX’s curator business was found in any search this review could complete; every figure above traces to RockawayX’s own site. DefiLlama records zero audits attributed to the curator role itself, though underlying protocols like Morpho carry their own separate audits. Against established single-rail curators like Steakhouse or Gauntlet, RockawayX’s breadth across seven protocols and eight chains is a wider and more heterogeneous risk surface for a five-month-old business line with an unresolved, self-adjudicated conflict-of-interest question.

Sources

The claims above trace to these. Where a number could not be independently verified, the thesis says so.

• RockawayX — team and entity page · primary · accessed 2026-08-19
  Supports: Blockad s.r.o. Czech entity, founding history as Rockaway Blockchain Fund
• RockawayX — Tori ecosystem vault investment thesis and risk disclosure · primary · accessed 2026-08-19
  Supports: non-custodial, non-unilateral authority disclosure, 4-of-6 multisig and 24-hour timelock, Tori independence-from-RockawayX claim, lockup and cooldown terms
• RockawayX — vault curation surpasses $100M in TVL · primary · accessed 2026-08-19
  Supports: launch date, growth trajectory
• DefiLlama — RockawayX protocol data · secondary · accessed 2026-08-19
  Supports: chain and protocol TVL breakdown, listing date, zero audits field
• DefiLlama-Adapters GitHub — RockawayX adapter source · primary · accessed 2026-08-19
  Supports: named vault list across seven underlying protocols

Inherited controls

The verdict above grades the protocol layer. Every position also inherits the asset it holds and the chain it settles on. The least safe layer sets the position’s grade, and the position table names which one that is.