AquaFlux, a structured finance protocol specializing in real-world assets (RWA), has launched on the Pharos Network testnet. The protocol introduces a Tri-Token model that transforms traditional assets into programmable units with distinct risk-return profiles, marking a shift from 'on-chain' to 'structured on-chain' RWAs. This model allows assets to be divided into three token types: Principal (P), Coupon (C), and Shield (S), catering to various risk preferences and supporting complex yield and hedging strategies. The testnet is now fully operational, enabling users to claim test assets through the official Faucet. Participants can engage in the complete process of asset splitting, trading, and staking, exploring the potential of AquaFlux's innovative financial framework.