Pharaoh Protocol Launches Major V3 Migration October 1st
Pharaoh Protocol Launches Major V3 Migration October 1st
🏺 Pharaoh's October surprise
Pharaoh Protocol begins its V3 migration on October 1st, introducing significant upgrades while maintaining core functionality.
What's staying the same:
- 100% platform fees to voters
- LP experience unchanged
- PHAR token name preserved
- Same team and mission
Major upgrades include:
- $1M+ in audits from ConsenSys, Spearbit, and Code4rena
- Immutable core contracts with no upgrade functions
- Gas-optimized Solidity contracts
- Enhanced third-party integration capabilities
Key changes:
- vePHAR becomes xPHAR - one-time migration with no re-locking required
- Deflationary mechanism - 50% supply burns on exit
- PHAR33 introduction - auto-compounding, liquid yield token
- 5000:1 token split for easier entry
The new xPHAR eliminates governance complexity while maintaining fee capture. PHAR33 offers buy-and-hold simplicity with automatic voting and compounding, plus DeFi collateral utility.
Existing holders can migrate seamlessly when the process begins.
Messari Releases Q4 2025 State of Avalanche Report
Messari Crypto has published its quarterly analysis examining Avalanche's performance and developments throughout Q4 2025. The comprehensive report provides insights into the network's key metrics, ecosystem growth, and notable changes during the final quarter of last year. [Read the full report](https://messari.io/report/state-of-avalanche-q4-2025)
🏛️ Pharaoh Exchange Stands Alone
**Pharaoh Exchange** emerged as the only major DeFi protocol to achieve positive growth across both quarterly and yearly metrics in Q4. **Key Performance Metrics:** - Quarter-over-quarter growth: 2.3% - Year-over-year growth: 66.9% - All-time high daily fees: $284,210 (November 21, 2025) While other major DeFi protocols struggled, Pharaoh's ve(3,3) model demonstrated resilience in a challenging market environment. The protocol's concentrated liquidity approach appears to be generating sustainable fee revenue for participants.
P33 Collateralization Coming Soon, Says LHB on Pharaoh Happy Hour
**P33 collateralization is on the near-term roadmap**, according to LHB during last week's Pharaoh Happy Hour stream on Blaze. **Key Update:** - P33 collateralization feature confirmed as upcoming priority - Announcement made during weekly community stream **Community Engagement:** The Pharaoh team hosts weekly Happy Hour sessions every Wednesday at 6pm EST on [Blaze.stream](https://blaze.stream/lamehillbilly), featuring LHB and TopGunHatch with alpha insights and giveaways. Tune in to stay updated on protocol developments.
Pharaoh Launches xPHAR Staking Token with 100% Protocol Fee Rewards
**Pharaoh introduces xPHAR**, a new staking token that gives holders voting power over liquidity pair emissions. **Key benefits for stakers:** - Earn 100% of protocol fees - Receive all vote incentives - Collect penalties from early exits - Direct emissions to preferred LP pairs **Flexible exit options:** - Instant redemption at 1:0.5 ratio (with penalty) - Sell P33 liquid staked version - Convert PHAR to xPHAR at 1:1 ratio **Deflationary mechanism:** Half of PHAR is burned when minting xPHAR, creating scarcity. Unlike traditional ve-models, xPHAR offers governance participation without forced locks while rewarding active voters.
Pharaoh Dominates AVAX Real Yield Rankings with Top Blue-Chip Pool Selection
**Pharaoh continues its dominance** in the Avalanche ecosystem, maintaining its position as the leading protocol for real yield generation. - LHBcrypto highlights Pharaoh's **Top 5 Blue-Chip Pools** for the current epoch - The protocol has consistently outperformed competitors on AVAX - Focus remains on **concentrated liquidity** strategies for maximum capital efficiency This marks another successful epoch for Pharaoh's innovative approach to yield farming, combining strategic pool selection with advanced liquidity management.