Market Cap $1,301,750
TVL $10,195,849
PHAR $92.3000
AVAX $9.67890
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Frequently Asked Questions about Pharaoh Exchange

Everything you need to know about using Pharaoh Exchange — the next generation concentrated liquidity DEX on Avalanche C-Chain. Can't find your answer? Visit our docs or join the community.

General 6 questions

What is Pharaoh Exchange Exchange?

Pharaoh Exchange is the next generation of concentrated liquidity on the Avalanche C-Chain. It is a decentralized exchange (DEX) and automated market maker (AMM) that takes concentrated liquidity to the next level, optimizing for high-frequency liquidity providers (LPs) and peak capital efficiency. Pharaoh Exchange was inspired by and built upon the ve(3,3) tokenomics model, combining the best aspects of concentrated liquidity with incentive-aligned governance.

What blockchain does Pharaoh Exchange operate on?

Pharaoh Exchange operates exclusively on the Avalanche C-Chain — one of the fastest and lowest-cost EVM-compatible networks available. Avalanche's high throughput (4,500+ TPS) and sub-second finality make it ideal for the high-frequency trading and liquidity management that Pharaoh Exchange is designed to support. You'll need AVAX to pay for gas fees when using the protocol.

How is Pharaoh Exchange different from other DEXs?

Pharaoh Exchange differentiates itself through several key innovations: Concentrated Liquidity — LPs can allocate capital within custom price ranges for dramatically improved capital efficiency. ve(3,3) tokenomics — PHAR holders can lock tokens as vePHAR to vote on gauge weights, directing emissions where they're needed most. High-frequency optimization — the protocol is architected to reduce friction for active LP management. Protocol-owned liquidity incentives — projects can incentivize specific pools by bribing vePHAR voters.

Is Pharaoh Exchange audited and safe to use?

Pharaoh Exchange's smart contracts have been audited by reputable security firms including yAudit. While audits significantly reduce risk, no smart contract system is 100% risk-free. Always use DeFi protocols at your own risk, start with small amounts, and never invest more than you can afford to lose. The Pharaoh Exchange team is continuously monitoring the protocol and security.

Where can I find the official Pharaoh Exchange documentation?

The official Pharaoh Exchange documentation is hosted on GitBook at docs.pharaoh.exchange. The docs cover everything from getting started, understanding the tokenomics, providing liquidity, voting mechanics, and developer resources. For community discussions, join the Discord server or follow @PharaohExchange on Twitter.

What wallets are compatible with Pharaoh Exchange?

Pharaoh Exchange supports all major EVM-compatible wallets that can connect to the Avalanche C-Chain network. This includes MetaMask, Core Wallet (Avalanche's native wallet), WalletConnect-compatible wallets, Coinbase Wallet, Rainbow, and many more. To get started, simply connect your wallet, ensure you're on the Avalanche network, and have some AVAX for gas fees.

Swapping 5 questions

How do I swap tokens on Pharaoh Exchange?

To swap tokens on Pharaoh Exchange: 1. Visit pharaoh.exchange/swap and connect your wallet. 2. Select the token you want to sell in the "From" field and the token you want to receive in the "To" field. 3. Enter the amount you wish to swap. The interface will automatically calculate the best route and show you the estimated output. 4. Review the transaction details including price impact and slippage tolerance. 5. Click "Swap" and confirm the transaction in your wallet.

What are the swap fees on Pharaoh Exchange?

Pharaoh Exchange offers multiple fee tiers to accommodate different trading pairs and strategies. Fee tiers include 0.01% for stable pairs (e.g., stablecoin to stablecoin), 0.05% for highly correlated assets, 0.3% for standard pairs, and 0.5% to 5% for volatile or exotic pairs. The smart router automatically finds the best route for your swap, potentially splitting across multiple pools to minimize price impact and fees. All fees are distributed to liquidity providers and vePHAR voters.

What is slippage and how do I set it on Pharaoh Exchange?

Slippage is the difference between the expected price of a swap and the actual execution price. It occurs due to price movements during the time between when you submit a transaction and when it is confirmed on-chain. On Pharaoh Exchange, you can set your slippage tolerance in the swap settings (gear icon). For most trades, 0.5% to 1% is appropriate. For low-liquidity pairs or large trades, you may need to increase it. For stablecoin swaps, lower slippage (0.1%) is usually sufficient.

Why did my swap fail or get stuck?

Swap failures on Pharaoh Exchange typically occur for a few reasons: Insufficient slippage — the price moved more than your tolerance during confirmation; try increasing slippage slightly. Insufficient gas — make sure you have enough AVAX to cover gas fees on Avalanche. Price impact too high — for large trades in low-liquidity pools, consider breaking up the trade into smaller amounts. Token approval not set — some tokens require a separate approval transaction before swapping. If a transaction appears stuck, check the status on Snowtrace.

Does Pharaoh Exchange support limit orders?

Pharaoh Exchange primarily operates as an AMM and supports market swaps natively. For limit order functionality, you can utilize third-party protocols that integrate with Pharaoh Exchange's liquidity, or use the concentrated liquidity positions as a form of range order — by placing your LP position as a single-sided position at your target price, which effectively acts as a conditional swap once the price hits your range. Check the docs for the latest integrations and supported features.

Liquidity 6 questions

How do I provide liquidity on Pharaoh Exchange?

To provide liquidity on Pharaoh Exchange: 1. Navigate to pharaoh.exchange/liquidity. 2. Click "New Position" and select the token pair you want to provide liquidity for. 3. Choose a fee tier (0.01%, 0.05%, 0.3%, 0.5%, or 1%). 4. Set your price range — the range in which your liquidity will be active. A narrower range earns more fees per unit of capital but requires more active management. 5. Enter the amounts for each token, approve both tokens, and then deposit. Your position will be represented as an NFT.

What is concentrated liquidity and how does it work?

Concentrated liquidity (CL) is the core innovation of Pharaoh Exchange's V3 architecture. Unlike traditional AMMs where liquidity is spread across all price ranges (0 to ∞), CL allows LPs to concentrate their capital within a specific price range. For example, if you believe AVAX will trade between $8 and $14, you can provide liquidity only in that range. This dramatically improves capital efficiency — you can earn the same fees as a full-range LP with significantly less capital. When the price moves outside your range, you stop earning fees and hold 100% of one asset.

What is impermanent loss and does Pharaoh Exchange protect against it?

Impermanent loss (IL) occurs when the price ratio of your deposited tokens changes compared to when you deposited. If you hold 50/50 ETH/USDC and ETH doubles in price, you would have been better off just holding. Concentrated liquidity on Pharaoh Exchange can amplify IL since your position is more sensitive to price moves within your range. However, the higher fee earnings in concentrated ranges can offset IL significantly. The best protection is choosing stable pairs, carefully selected price ranges, and actively managing positions when the price approaches range boundaries.

How do I earn rewards as a liquidity provider on Pharaoh Exchange?

Liquidity providers on Pharaoh Exchange earn in three ways: 1. Trading Fees — a share of all swap fees generated by trades through your position, proportional to your liquidity share. 2. PHAR Emissions — many pools have active gauges that emit PHAR tokens to staked LP positions. To earn emissions, deposit your LP NFT into the corresponding gauge. 3. External Incentives — protocols can deposit additional token rewards into gauges, distributed to LPs who vote for those pools via bribe mechanics.

What is the difference between Legacy and Concentrated liquidity pools?

Pharaoh Exchange supports two pool types. Legacy (V2) pools use the traditional full-range xy=k AMM model. They are simpler to manage — just deposit and earn — but are less capital efficient. Legacy pools come in Volatile (xy=k) and Stable (x³y+xy³=k for correlated assets) variants. Concentrated (V3) pools allow custom price ranges for higher capital efficiency and fee earnings, but require more active management. Both pool types participate in the gauge and voting system for PHAR emission incentives.

How do I withdraw my liquidity from Pharaoh Exchange?

To withdraw liquidity from Pharaoh Exchange: 1. Navigate to the Liquidity page and find your position. 2. If your LP tokens are staked in a gauge, first unstake them by clicking "Unstake" and confirming the transaction. 3. Click on your position and select "Remove Liquidity". 4. Choose the percentage you wish to withdraw (25%, 50%, 75%, or 100%). 5. Confirm the transaction in your wallet. Your tokens will be returned to your wallet. Remember to also collect any unclaimed fees before withdrawing.

PHAR Token 5 questions

What is the PHAR token and what is it used for?

PHAR is the native governance and utility token of Pharaoh Exchange Exchange. It is used for: Governance — lock PHAR to receive vePHAR and vote on which liquidity pools receive PHAR emissions each epoch. Incentive Alignment — vePHAR holders earn 100% of the protocol trading fees from the pools they vote for, plus external bribes. Liquidity Mining — PHAR is emitted weekly to liquidity providers in incentivized gauges. Protocol Participation — holding vePHAR gives you a stake in the long-term success of Pharaoh Exchange.

What is the difference between PHAR, vePHAR, and xPHAR?

PHAR is the base liquid token — freely tradeable and earnable through LP emissions. vePHAR (vote-escrowed PHAR) is created by locking PHAR for a period of up to 4 years. vePHAR is non-transferable and grants voting power proportional to lock amount and duration. vePHAR holders earn trading fees and bribes from the pools they vote for. xPHAR is a liquid wrapper or staking receipt token that provides exposure to protocol rewards without the full lock-up commitment. Visit the xPHAR page for the latest details on how xPHAR works.

How do I buy PHAR tokens?

PHAR tokens can be purchased directly on Pharaoh Exchange Exchange by swapping from any supported token (most commonly AVAX or USDC). Simply navigate to the Swap page, select PHAR as the output token, and swap your desired input token. PHAR is also available on other Avalanche DEXs and potentially on centralized exchanges. Always verify you are interacting with the official PHAR token contract address, which can be found in the official documentation.

How does PHAR emission and tokenomics work?

Pharaoh Exchange follows a weekly epoch system. Each epoch (week), a fixed amount of PHAR tokens is emitted to liquidity providers in active gauges. The amount each gauge receives is proportional to the total vePHAR votes it received during that epoch. This creates a competitive dynamic where protocols and traders bribe vePHAR voters to direct emissions toward their preferred pools. vePHAR holders also receive an anti-dilution rebase to reduce the dilution effect of new emissions, preserving their relative governance power over time.

What is an epoch and how long does it last on Pharaoh Exchange?

An epoch on Pharaoh Exchange is a 7-day period that governs the emission and voting cycle. At the start of each epoch, vePHAR holders can vote to direct PHAR emissions to their preferred liquidity pools. Votes from the previous epoch determine the PHAR distribution for the current epoch. Bribes deposited for an epoch are claimable by voters who participated in that epoch's vote. The Epoch Flip countdown is displayed in the top navigation bar of the Pharaoh Exchange interface, showing you exactly when the next epoch begins.

Voting & Gauges 5 questions

How does voting work on Pharaoh Exchange?

Voting on Pharaoh Exchange is done using vePHAR tokens. To vote: 1. Lock your PHAR to obtain vePHAR. 2. Navigate to the Vote page. 3. Allocate your voting power (in percentages) across one or multiple gauges (liquidity pools). 4. Submit your votes before the epoch ends. Your votes persist to the next epoch unless you change them. vePHAR holders who vote earn 100% of the protocol fees from their voted pools, plus any bribes deposited by external protocols for that gauge.

What are gauge incentives and bribes on Pharaoh Exchange?

Gauges are smart contracts that distribute PHAR emissions to LPs in specific pools. The amount of emissions a gauge receives is determined by vePHAR votes. Bribes are additional token rewards that protocols or individuals deposit into a gauge's bribe contract. These bribes are distributed to vePHAR holders who vote for that gauge. This creates an incentive market: protocols wanting deep liquidity for their token can bribe vePHAR voters with their native tokens, and voters maximize their yield by voting for the highest-value bribe opportunities.

How do I lock PHAR to get vePHAR on Pharaoh Exchange?

To lock PHAR for vePHAR on Pharaoh Exchange: 1. Make sure you hold PHAR tokens in your wallet. 2. Navigate to the xPHAR or Vote section of the app. 3. Select "Lock PHAR" and enter the amount you wish to lock. 4. Choose your lock duration — longer locks give you more vePHAR voting power (maximum 4 years for maximum power). 5. Approve the PHAR spending, then confirm the lock transaction. Your vePHAR is represented as an NFT (veNFT), which can be extended or increased at any time but cannot be transferred until unlocked.

Can I unlock my PHAR early from vePHAR on Pharaoh Exchange?

Standard vePHAR locks cannot be unlocked before the specified expiry date. This is by design to ensure governance participants are committed long-term. However, there may be mechanisms available for early exit at a penalty — please refer to the official documentation for the most current information on lock management. Alternatively, xPHAR offers a more liquid exposure to Pharaoh Exchange protocol rewards without the same lock commitment. Once your lock expires, you can freely withdraw your PHAR.

How do I claim my voting rewards on Pharaoh Exchange?

Voting rewards on Pharaoh Exchange — including trading fees and bribes — are claimable after each epoch ends. To claim: 1. Navigate to the Vote page and find your active positions. 2. You should see claimable rewards displayed next to each of your voted gauges. 3. Click "Claim" to collect your fees and bribe rewards. Alternatively, there is usually a "Claim All" function to collect all pending rewards in a single transaction. Note that fees from protocol trading are distributed at epoch boundaries.

Security 4 questions

How do I verify I am on the official Pharaoh Exchange website?

Always verify you are on the official Pharaoh Exchange domain: pharaoh.exchange (or phar.gg for V3). Check for the padlock icon in your browser's address bar confirming the SSL certificate. The official Pharaoh Exchange website will never ask you to enter your seed phrase or private key. Bookmark the official URL and always navigate directly from your bookmarks rather than clicking links in messages. Follow the official @PharaohExchange Twitter and Discord for any official announcements.

What smart contract addresses should I trust for Pharaoh Exchange?

All official Pharaoh Exchange smart contract addresses are published in the official documentation. Never interact with contract addresses shared by community members in Discord or Telegram without verifying them against the official docs. The PHAR token contract address can also be verified on Snowtrace — Avalanche's block explorer. When in doubt, always use the official Pharaoh Exchange app interface which handles contract interactions securely.

Does Pharaoh Exchange have a bug bounty program?

Pharaoh Exchange values the security of its users and the protocol. If you discover a potential vulnerability in the Pharaoh Exchange smart contracts or frontend, please report it responsibly through the official security disclosure channels mentioned in the documentation or by reaching out directly on Discord to the core team. Do not publicly disclose vulnerabilities before they have been addressed, as this could put user funds at risk.

What are the risks of using Pharaoh Exchange?

Like all DeFi protocols, using Pharaoh Exchange carries inherent risks. These include: Smart contract risk — despite audits, bugs may exist in the code. Impermanent loss — LP positions can lose value relative to holding, especially with concentrated liquidity. Token price risk — PHAR and other tokens are volatile. Oracle risk — price feed manipulation is a potential vector in some DeFi protocols. Network risk — Avalanche itself may experience congestion or technical issues. Always do your own research, never invest more than you can afford to lose, and consider diversifying your positions.

Technical 4 questions

Does Pharaoh Exchange have a public API or SDK for developers?

Pharaoh Exchange exposes its liquidity through standard Uniswap V3-compatible interfaces, making it accessible to a wide ecosystem of tools, aggregators, and developer SDKs. Analytics data is available through Pharaoh Exchange's subgraph on The Graph Protocol. For the latest developer resources, integration guides, and subgraph endpoints, refer to the official documentation. Developers can also reach out in the #development channel on Discord for technical support.

What is Pharaoh Exchange V3 and how does it differ from V2?

Pharaoh Exchange V3 is the latest iteration of the protocol, available at phar.gg. V3 brings significant improvements over V2 including enhanced concentrated liquidity mechanics, improved gas efficiency, upgraded tokenomics for PHAR and vePHAR, and a more polished user experience. Existing V2 users were encouraged to migrate their PHAR and vePHAR positions to V3. Legacy V2 pools remain accessible for liquidity withdrawal, but new liquidity provision is focused on the V3 infrastructure.

How does Pharaoh Exchange route swaps for best execution?

Pharaoh Exchange uses a smart order routing (SOR) algorithm that considers all available liquidity pools — including Legacy V2 pools (both stable and volatile) and Concentrated V3 pools — to find the optimal execution path for each swap. The router can split a single swap across multiple pools and routes to minimize price impact and maximize output. For example, a large AVAX to USDC swap might be split between a direct AVAX/USDC pool and an AVAX/PHAR/USDC multi-hop route if this results in a better net price for the user.

How do I add the Avalanche network to my wallet for Pharaoh Exchange?

To use Pharaoh Exchange, your wallet must be connected to the Avalanche C-Chain. Network details: Network Name: Avalanche C-Chain. RPC URL: https://api.avax.network/ext/bc/C/rpc. Chain ID: 43114. Currency Symbol: AVAX. Block Explorer: https://snowtrace.io. You can add this network manually in MetaMask under Settings → Networks → Add Network, or visit chainlist.org and search for "Avalanche" to add it with one click. The Pharaoh Exchange app may also prompt you to switch networks automatically.

Ready to start using Pharaoh Exchange?

Swap tokens, provide liquidity, vote with vePHAR, and earn rewards on Avalanche's premier concentrated liquidity DEX.

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