Pharaoh Protocol Launches Major V3 Migration October 1st

🏺 Pharaoh's October surprise

By Pharaoh Exchange
Sep 25, 2025, 4:37 PM
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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.​

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🔄 Pharaoh's xPHAR Migration

🔄 Pharaoh's xPHAR Migration

**Pharaoh is upgrading its governance system on October 8th**, transitioning from vePHAR to xPHAR. **Key changes:** - One-time migration eliminates the need for constant re-locking - **Permanent governance power** - no expiry timers or missed votes - Same fee earning potential as vePHAR - **50% exit burn** creates deflationary pressure on supply This upgrade removes the maintenance burden of the old max-lock system while strengthening the protocol's tokenomics through permanent supply reduction.