Team1 USA Builder Spotlight 🔺🇺🇸
@LHBCrypto co-founded
@PharaohExchange in 2023. Since then, he has been a consistent presence in the community, Avalanche DeFi and has delivered value to our ecosystem beyond his own project.
What is Pharaoh?
Pharaoh is a concentrated liquidity exchange on Avalanche C-Chain, designed to serve as Avalanche’s central liquidity hub.
Users can swap tokens, provide liquidity in custom price ranges, vote on gauge emissions to direct incentives, and earn rewards through the
$PHAR token. The innovative Autovault feature lets xPHAR stakers automatically collect voting rewards in any token they choose.
Fragmented liquidity and weak Liquidity Provider (LP) incentives have held back Avalanche DeFi’s depth.
Pharaoh addresses this by letting xPHAR stakers vote on where liquidity incentives flow, and by earning 100% of protocol fees in return, keeping capital aligned and onchain.
At the time of writing, Pharaoh has $47,653,248 in TVL, 30-day volume of $537,426,412, and monthly revenue of $323,397. Impressive numbers.
Beyond Pharaoh, lame hillbilly has contributed to the broader Avalanche ecosystem in many ways including recently as a judge for Build Games. He has done the work, both inside and outside of his protocol, and Avalanche is a better place because of it.
Check out Pharaoh below 👇