Pharaoh Treasury Absorbs Loss to Shield Token Holders from Dilution
Pharaoh Treasury Absorbs Loss to Shield Token Holders from Dilution
🛡️ Treasury takes the hit
Pharaoh's treasury took a financial hit to protect its community from additional token dilution during a recent migration. The exchange prioritized holder protection while maintaining its position as a key liquidity hub on Avalanche.
Key developments:
- Treasury absorbed losses instead of diluting token holders
- Migration completed with holder-first approach
- Treasury strategy evolving for long-term sustainability
- Borrowing and lending features identified as major utility expansion
The move reflects Pharaoh's dual focus: safeguarding existing holders while building toward greater independence and sustainability as a decentralized exchange.
Borrowing and lending could be one of Pharaoh’s biggest utility unlocks yet. @LHBCrypto talks about what’s coming next on Pharaoh Happy Hour:
At Pharaoh, holders come first. @LHBCrypto explains how Pharaoh’s treasury took a hit, so the community didn’t have to. 🗣️
Pharaoh Happy Hour Recap! 🎙️ This week, @LHBCrypto explained the latest Pharaoh migration and why token holders were protected from more dilution. Plus: How treasury strategy is evolving, and why Pharaoh still sees itself as the obvious liquidity hub on @Avax. 🔺
Pharaoh Plans Buyback Strategy to Reduce Emissions and Increase Voting Power Cost
**Strategic Token Economics Shift** Pharaoh is implementing a dual approach to token management: - **Buyback program** to recover lost voting power - **Reduce overall token emissions** while simultaneously increasing the cost of emissions - Goal is to create upward pressure on token value through decreased supply This follows a trend where buybacks have exceeded emissions in recent periods, with the gap continuing to widen. The strategy aims to improve tokenomics by making emissions more expensive while decreasing their frequency. *Building on previous success where buybacks > emissions*
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.
Pharaoh Protocol Launches Major V3 Migration October 1st
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.