🔄 Pharaoh's xPHAR Migration
🔄 Pharaoh's xPHAR Migration
🔄 Max-locks ending forever
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.
HUGE NEWS: PHARAOH’s migration starts October 1st! So, what does that mean for Pharaoh users and the $PHAR community? Let’s break it all down: what’s staying the same, what’s changing, what xPHAR is and how it takes governance to the next level 🧵👇 (1/6)
Introducting: xPHAR. Pharaoh governance without the grind. No more re-locking, no expiry timers, no missed votes. A one-time migration gives permanent voting power and the same fee capture as vePHAR, but every exit burns 50% of supply, making xPHAR deflationary by design.
With V3, launching on Pharaoh means launching with full control. Everything from dynamic fees to bribes to emission- now all modular. Designed for teams who want more than just a fair shot. No builder should settle for less.
Launch day snipers? Pharaoh V3 makes them relics. Dynamic fees open new pools at 50%, punishing bots, then decay to normal levels in minutes. LPs monetize early volatility. Protocols launch fairer. 🫡
Pharaoh V3 is a new awakening. The old laws remain: same team, same token name, same 100% of fees to voters. But the foundation changes: A $1M+ audited codebase, modular mechanics, and the most advanced DEX architecture on @avax. 🔺👇
UPDATE! Pharaoh V3 migration will now begin October 8, alongside the first epoch: • LPs will continue to earn on V2 until the 15th of October • xPHAR voting and bribes go live on V3 in the first epoch To vePHAR voters: your vote on Oct 8 matters. The fees you vote on next
Pharaoh has always set out to build something with more edge. ve(3,3) mechanics, competitive farming, emissions routed by vote, not hype. $12M+ in fees later, it’s time to ask: what should a DEX on Avalanche look like in 2025? We’ve got a few new ideas. 👀
Pharaoh proved emissions could deliver real yield. V3 takes the next step. LPs move from static pools to modular contracts with concentrated liquidity, dynamic fees, and stronger protections. The result: smarter mechanics, more control, and bigger opportunities.
The kingdom has opened its gates: the all-new Pharaoh front end is now live at phar.gg We’ve deployed our upgraded exchange contracts and new front end to prepare for our upcoming migration. These are LIVE contracts- you can explore, LP, and test right now.
vePHAR is the old model. xPHAR is the upgrade. No more timers, no more maintenance. Just pure, permanent voting power, with the same emissions, the same fee share, and a built-in deflationary edge. Pharaoh V3 lets voters move faster, govern smarter, and win longer.
vePHAR is becoming xPHAR on Oct 8th. A one time migration ends the endless cycle of max-locks. xPHAR is permanent governance power: always able to vote, always earning fees, and designed with a 50% exit burn that permanently constrains supply. Pharaoh governance just got
