Pharaoh Exchange

Pharaoh Protocol's Epoch 85 governance voting period is nearing its conclusion, with voting set to close on Thursday at 00:00 UTC. Key voting areas: - Direct protocol emissions allocation - Fee capture mechanisms - Protocol parameter adjustments vePHAR holders can participate in shaping the protocol's future by voting at [Pharaoh Exchange](http://pharaoh.exchange/vote). Your voting power is proportional to your vePHAR holdings. Each vote influences protocol development and potential revenue streams.

Pharaoh DEX is differentiating itself on Avalanche by providing comprehensive support for new token launches, going beyond simple listing services: - Implements gauge system with targeted emissions to attract liquidity providers - Offers guidance through the launch process including whitelist and emissions strategy - Helps projects succeed without significant initial capital or VC backing The platform focuses on creating sustainable liquidity and genuine trading volume, particularly benefiting projects launching with limited resources. *Success stories include projects that launched with $0 initial raise.* **Key Advantage**: Full launch support system versus traditional DEX listing-only approach.

Pharaoh Exchange continues its steady growth on Avalanche, emphasizing sustainable practices over short-term hype. The platform implements a value-driven model where: - 100% of swap fees are distributed to vePHAR holders - LPs receive boosted rewards through concentrated liquidity - Voters earn incentives for directing emissions - Protocols can deepen liquidity through bribes rather than inflation This creates a sustainable flywheel effect that grows TVL while strengthening the Avalanche ecosystem. The focus remains on delivering consistent user earnings rather than relying on promotional tactics.

Pharaoh's ecosystem operates on a strategic flywheel mechanism: - Trading volume generates yield - Yield incentivizes token locking - Locked tokens enable protocol governance *Active participation* is key to the protocol's success. Traders who lock $PHAR tokens gain the ability to influence emissions and earn additional rewards. The system emphasizes continuous engagement through a simple cycle: 1. Trade actively 2. Earn rewards 3. Lock tokens 4. Participate in governance

Pharaoh is introducing a novel approach to DEX fee distribution by returning trading fees directly to users instead of pocketing them like most decentralized exchanges. Key features: - Users earn their share of trading fees - Community decides emission allocation - Zero fee leakage model - Enhanced capital efficiency through concentrated liquidity The platform aims to create a more equitable trading environment by aligning incentives between users and the protocol. This approach combines concentrated liquidity with user-directed emissions for optimal capital utilization.