@HoodieChicken@0xAero8@prjx_hl@NestExchange Why? Prjx takes a giant cut of fees and Nest is an algebra fork with a uh colourful history...
Might as well compare Ramses right? What do you lose?
Pharaoh DLMM pools are now live. The new UI is here. Pharaoh is officially entering our next era of liquidity.
On this week’s Happy Hour, @LHBCrypto explained why this update and new release is such a major step forward for $PHAR, @avax, and DeFi at large 🔺
Epoch is off to a strong start with an All Time High in fees generated on our $HYPE / $USDC pair.
Did you know, our stats page offers details on each liquidity pool for TVL, Volume, and Fees? Try it out, link in next post:
Ever MAJOR announcement and upgrade Pharaoh has had has been met with the absolute worse market black swans ever.
Today was no different. Gonna have to start hedging in the future haha.
$AVAX on chain metrics that actually matter are returning.
Volume, fees, liquidity depth. These all help build a foundation that attracts organic growth and im so fucking excited for it.
Pharaoh powering @avax to the next level with this release.
simple liquidity - basic pools
precise liquidity - concentrated liq pools
dynamic liquidity - bin tech pools
Stay close to the user base, improve their experience day in and day out, give all the value back to them.
Simple playbook.
Few.
DLMM pools are arriving on Pharaoh!
Pharaoh has now evolved into the most complete liquidity layer on Avalanche.🔺
With concentrated liquidity, DLMM, and legacy pools all in one place, Pharaoh is now the ONLY DEX IN DeFi built to support all 3 liquidity types.
Let’s talk about what makes this so monumental for Pharaoh and @Avax.👇🧵
Important difference between @RamsesExchange and @NestExchange :
Both use emissions to pay LPs, but the claim path is different with a very different trust model.
On Nest, gauge-level emissions are stored on-chain, but user-level LP claims depend on an off-chain signer. Users claim through GaugeRewarder with:
claim(totalAmount, deadline, signature)
The contract checks that the signature came from signer() before releasing $NEST.
That means Nest has a trust assumption in the emissions claim layer.
But what does it mean exactly?
->signer compromised -> invalid claims can be authorized up to the funded balance
-> signer offline -> new claims cannot be signed
->signer refuses to sign -> a user can be censored at the claim layer
-> admin changes signer -> same trust surface moves to the new key
-> That also means the displayed APR "can" be different than the realized claim.
$RAM does not have that off-chain signer step.
Ramses emissions flow through on-chain voter/gauge accounting. Allocation is derived from votes and gauge state, and LP rewards do not depend on a separate signer approving each user’s claim.
That is the design difference.
Nest manages rewards off-chain.
Ramses keeps the emission path on-chain. NO trust assumption. NO operational risk.
hyperliquid:native
If it wasn’t already patently obvious at this point, off-chain rewarding will NEVER be safe. DeFi is meant to reduce trust not increase it.
Security isn’t worth sacrificing there just to save gas on claims
@chefgoose Hey just following up this insane comment because 1) it's not true so where did you see it and 2) no one brought up Ramses in this reply thread