On Pharaoh, LPs compete for rewards. It’s called Competitive Farming, and it flips the old AMM model on its head. 🧵👇
In most DEXs, emissions are spread evenly across LPs.
On Pharaoh, it’s different:
the LPs who deploy capital most efficiently take the largest share of rewards.
The tighter and smarter your range, the more PHAR you capture.
Why? Because capital efficiency drives real volume.
When liquidity is concentrated in the price range where trades are happening, swaps route faster and cheaper. This means aggregators pick Pharaoh pools more often, creating more fees for everyone.
Our biggest epoch ever, breaking our previous all time high (last weeks epoch).
Need help directing your vote? Theres quite a few vote incentives (extra rewards for voting for that pair!) out right now, lets dig into it:
Always be checking the $SWOL / $AVAX LP for bribes, they are constantly vote bribing and LP bribing meaning you get more rewards for providing liquidity on @SwolBeach pairs!
The number 1 bribe this week was $sAVAX / $QI from @BenqiFinance
80k $QI ($1919 USD value) have gone to their pair for your vote!
We're thrilled to announce our partnership with @fraxfinance, a groundbreaking decentralized finance platform.
Let's dive into what Frax has to offer!
Pharaoh is proud to present 2 concentrated liquidity options for our partners at Frax:
frxETH/WETH.e
USDC/FRAX
Provide liquidity today, and vote each week to earn bribes and fees from these pairs!
Check the following thread to see what all Frax has to offer:
Frax Stablecoins:
💵 Frax Finance is a pioneer in algorithmic stablecoins. Their stablecoins maintain value through an innovative algorithm, providing stability and efficiency in the volatile crypto market.
Pharaoh's post-launch performance is off the charts!
After a successful LGE, we achieved mind-blowing results regarding TVL, volume, and fees 💰
vePHAR holders are ecstatic, as 100% of fees flow back to them. As TVL and volume continue to increase, fees paid to vePHAR will 🚀
vePHAR holders have raked in a whopping $24,000 in fees within 24 hours! With the same 7-day trend, they could be sitting on a staggering ~$168,000 in fees. That's nearly a quarter of the PHAR mcap! You won't find returns like these anywhere else.
Concentrated liquidity pools are killing it, with over $2m in volume and $1.85m TVL. And guess what? With only one aggregator routing Pharaoh liquidity, this efficiency ratio will keep skyrocketing as more integrate us!
>We've hired more, developed more, and coded more in the last week than any other time since we have started
>Market has hit more lows, everyone is exhausted at looking at prices and charts keep going down
>Our bribe economy has been strong, but waning due to prices
>LHB is working personally with partners to ensure strong bribes continue and what we can do as a team to keep that going