Pharaoh Exchange

**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.

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.