Pharaoh V3 is a new awakening.
The old laws remain: same team, same token name, same 100% of fees to voters.
But the foundation changes: A $1M+ audited codebase, modular mechanics, and the most advanced DEX architecture on @avax. 🔺👇
Absolutely wild look at what @PharaohExchange is accomplishing. It is about to start snowballing.
If you are a liquidity provider or want exposure to Avalanche ecosystem choose PHARAOH.
I talk a lot about liquidity providers because I think that's the bread and butter of the platform. However, what makes us the highest paying is our $PHAR utility by locking up to 4 years for $vePHAR.
This allows you the option to cast a weekly vote for the planned distribution of $PHAR for the following week. YOU decide emissions. In return we pay out 100% of every fee made on the platform to $vePHAR voters.
This mechanism continually lowers the amount of liquid $PHAR on the market and since its inflationary this is our way of lowering the circulating supply and easily allowing it to maintain a stable/increasing price the emits to liquidity providers.
The process is simple and engaging, but it can be daunting as a new user. I am going to drop a video soon but just to show the stats on commitments:
Lifetime $vePHAR earnings: $11,950,000 (This does not account for additional incentives from bribes)
Current $PHAR locked: 99,189 (87% of PHAR supply)
Average lock time: 3.9 years (99% of all locked PHAR is there for 3.9 years!)
Weekly Voting APR: ~30%
It's one of the best assets to own, and while it can be scary to 4 year lock, we've already been thriving for well over a year. There is means to exit a locked position either by selling the $vePHAR as an NFT on @salvor_io or any other secondary market, or through a liquid wrapper called $abcPHAR (via @AbacusFi ).
As a tooling for new projects looking to bolster liquidity and distribute their tokens Pharaoh also adds extreme levels of customization to token distribution and incentives that allow you to cheaply apply methods to increasing demand for new liquidity providers on your token organically.
There is nothing better on the AVAX market that can bring value to all these different categories other than @PharaohExchange , the only thing stopping people is the lack of education which I am trying to bridge that gap via post and videos.
We are going to going to take a massive share of Avalanche volume, and it's not going to stop. It will be a beacon to builders and yielders to this chain and I hope that many avalanche natives are able to see its value prior too. Thanks for listening to my TED talk.
Pharaoh's next big move to continue on the path to servicing all of Avalanche liquidity is here.
100% of ALL FEES now go to holders.
One of the final moves to completely align our ecosystem.
Even more news coming soon, keep 🔔 on.
LHB got me into crypto around Christmas time 2021, he went full time that next month after quitting his very successful career. I didn't take to it as quickly as he did, the red charts scared me.
I would later go on in August of 2022 to full-time DeFi, and LHB would put in 18 hour days figuring out how to build and code and network.
When we launched Pharaoh in December 2023, the reception was fantastic and we had a tech stack that worked incredible, its been such a journey though and a lot of low points over the last 3, almost 4, years.
I'm glad we stuck with it, I'm glad I followed LHB into this, and I'm proud of what we have done and what we will do in the future. Its always been AVAX for him, and Pharaoh is making his dreams come true.