Description
Pharaoh Exchange is a concentrated liquidity DEX on Avalanche C-Chain that enables token swaps across stable and volatile pairs through configurable liquidity ranges and dynamic fee tiers. Users provide liquidity to earn trading fees and PHAR emissions directed by weekly xPHAR governance votes, while xPHAR stakers receive 100% of protocol fees. The protocol operates a BUSL-licensed fork of the RAMSES concentrated liquidity implementation.