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Pharaoh Exchange

Pharaoh Exchange

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Pharaoh is a concentrated-liquidity DEX on Avalanche C-Chain powered by an x(3,3) metaDEX model — a lock-free, burn-on-exit reimagining of ve(3,3).

DEXAvalancheTVL: $19.5MLast updated: Jul 17, 2026
Risk Rating
AA
Safety Score
82

Risk Profile Overview

Overall Rating
(82/100)
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The Problem

Traditional ve(3,3) metaDEX models force users into multi-year token lock-ups to participate in emissions and fee revenue, creating friction and trapping capital that wants to remain flexible.

The Solution

Pharaoh's x(3,3) model replaces locks with a burn-on-exit mechanic — staked xPHAR can be redeemed any time at a 50% haircut (burned, not paid to the team), aligning incentives without requiring upfront commitment.

Why it Matters

Combines battle-tested Ramses V3 concentrated liquidity with a novel lock-free incentive system and a liquid-staked auto-compounding wrapper (p33). 100% of protocol fees flow to xPHAR voters, with no team emissions allocation.

Protocol Metrics

TVL Trend
$19.52M

Related Research

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No related analysis articles found for Pharaoh Exchange.

Frequently asked questions about Pharaoh Exchange

What is Pharaoh Exchange?+

Pharaoh Exchange is a DEX protocol operating on Avalanche. Pharaoh is a concentrated-liquidity DEX on Avalanche C-Chain powered by an x(3,3) metaDEX model — a lock-free, burn-on-exit reimagining of ve(3,3).

How does Pharaoh Exchange work?+

Pharaoh's x(3,3) model replaces locks with a burn-on-exit mechanic — staked xPHAR can be redeemed any time at a 50% haircut (burned, not paid to the team), aligning incentives without requiring upfront commitment.

Is Pharaoh Exchange safe?+

DeFi Sentinel rates Pharaoh Exchange AA with a safety score of 82/100, indicating very low risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. Pharaoh Exchange has 5 audits on record. DeFi Sentinel's analysis flagged 1 high, 3 medium, 6 low risk alerts across Smart Contract & Technical Risk, Economic Design & Market Risk, Governance & Centralization, Sustainability & Competitive Position and Reputation & Social Trust. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.

What is the safety score of Pharaoh Exchange?+

Pharaoh Exchange has a DeFi Sentinel safety score of 82/100 (rating AA), last updated July 17, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).

Which chains does Pharaoh Exchange support?+

Pharaoh Exchange is deployed on Avalanche.

Has Pharaoh Exchange been audited?+

Yes. Pharaoh Exchange has 5 audit reports on record from firms including Spearbit, Consensys Diligence, Code4rena. Audit reports and dates are linked under the Resources tab on this page.