what's Faroo?

Faroo is a liquid staking protocol built natively for the Pharos Network, an EVM-compatible Layer 1 blockchain optimized for Real-World Assets (RWAs) and RealFi applications. It enables users to stake the Pharos native token PHRS and receive stPHRS, a liquid staking derivative. stPHRS accrues staking rewards combined with RWA yields, remaining fully composable for use in DeFi protocols like lending, DEX trading, and liquidity pools, thereby unlocking token liquidity while amplifying returns in the ecosystem.

Faroo distributes 5 Pharos whitelist spots in Layer3 giveaway.