Pharaoh Protocol Launches Major V3 Migration October 1st

Pharaoh has implemented a new reward structure for Foreign Exchange (FX) and Liquid Staking Token (LST) liquidity providers on its V3 platform. **Key Changes:** - LPs now earn **75% of trading fees** generated by their pairs - Existing **PHAR token emissions** continue alongside fee sharing - Rewards are tied directly to on-chain trading activity rather than emissions alone This dual-income model aims to create more sustainable incentives for liquidity providers by combining protocol emissions with actual trading volume performance. The update applies specifically to FX and LST pairs on the platform.

Pharaoh is preparing to launch borrowing and lending features, which could represent one of its most significant utility expansions to date. **Key Points:** - LHBCrypto discussed the upcoming developments during Pharaoh Happy Hour - The platform aims to balance holder protection with building sustainable exchange infrastructure - This expansion builds on Pharaoh's existing concentrated liquidity model The move signals Pharaoh's evolution beyond its current DEX offerings, potentially opening new revenue streams and use cases for the protocol. The team emphasizes maintaining security for existing users while pursuing long-term independence and sustainability.

Pharaoh Happy Hour is expanding its reach by streaming simultaneously on Blaze Stream and X/Twitter. The weekly community show features gamers LHBCrypto and TopGunHatch taking on a "2 chat challenge" - managing conversations across both platforms at once. **Key Details:** - Dual-platform streaming debuts this Wednesday - Time: 7pm EST - Hosts: [@LHBCrypto](https://twitter.com/LHBCrypto) and [@TopGunHatch](https://twitter.com/TopGunHatch) - Watch on [Blaze Stream](https://blaze.stream/lamehillbilly) or X/Twitter The expansion aims to strengthen community connections through more accessible streaming options.

**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 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.