what's Pharaoh Exchange?
Pharaoh Exchange is a decentralized exchange (DEX) built on the Avalanche C-Chain, specializing in concentrated liquidity to optimize trading efficiency and rewards for liquidity providers. It implements an innovative x(3,3) tokenomics model, a variant of ve(3,3), which incentivizes long-term governance participation through locked tokens (xPHAR) and liquid staking (p33). This mechanism directs protocol emissions and fees toward active voters and liquidity providers, fostering a sustainable ecosystem. The platform features a hyper-efficient liquidity layer designed for high-frequency liquidity providers while maintaining a simple user experience for traders. Key components include customizable liquidity positions, advanced order types, and integration with Avalanche's high-throughput blockchain for low-latency swaps. Pharaoh also supports token burns tied to governance conversions, enhancing scarcity and value accrual. As part of the Avalanche ecosystem, Pharaoh emphasizes performance and scalability, with tools like migration portals for version upgrades (e.g., from V2 to V3) and epoch-based voting for incentive distribution across pools.
Pharaoh Exchange's Avalanche V3 WAVAX–USDC pool has $5.53M TVL and 193% current APY.
contract
avalanche
Distributes platform fees to xPHAR stakers at over 100% APY.
V3 WAVAX–USDC concentrated liquidity pool on Avalanche reached $5.53M TVL with 193.29% current APY and 289.93% 30-day average APY.
supports deposits of avUSD and avBTC tokens from Avant Protocol
supports supply of savETH on the platform
Artist token $PHARA launches live on Gala Pump platform.
Protocol TVL hits ATH of $68M with $282k in daily revenue. PHAR token price increases 2x in the past week.
Protocol reaches $50M in TVL and generates $600k in fees.
PHAR completes token migration with new deflationary mechanism.
Version 3 of the protocol launches and is now live on the website.
Integrates with Re Protocol to offer institutional-grade yield products backed by US Treasuries and real-world insurance premiums on Avalanche.
Launches BOLD/AXD trading pair with Liquity V2 fork rewards program on Avalanche
New cross-chain HLP0 wrapper launches on Stargate, enabling zero-slippage trading across Avalanche, Arbitrum, and Sonic networks.
Emerges as key trading venue for recently bonded tokens on Avalanche, positioned alongside major established protocols.
Takes lead in Avalanche fee marketshare with TVL at $45M and 10k tokeholders, while trading 76% below ATH at 3x P/S ratio.
Reports $37M annual fee revenue and $42M TVL at $5M circulating market cap. Compared to Aero on Base with $780M circulating market cap, $1.2B TVL and $350M in fees.