Pharaoh Liquid Staking TokenPrice

(P33)

p33 is the Liquid Staking Token (LST) of the Pharaoh protocol, serving as a core asset for this concentrated liquidity layer on the Avalanche network. It functions as a coordination asset designed to maintain liquidity for staked positions. Unlike traditional governance tokens that require users to lock assets, p33 allows participants to retain liquidity, enabling them to trade the asset or utilize it across other decentralized finance applications while still supporting the protocol.

To view and manage your p33 holdings within a decentralized wallet, you must use the official contract address. On the Avalanche C-Chain, the verified contract address for the Pharaoh Liquid Staking Token is: 0x26e9dbe75aed331e41272bece932ff1b48926ca9. Users should always verify contract details through official protocol channels to ensure they are interacting with the authentic asset.

Airdrop eligibility is typically based on protocol engagement, such as being an early liquidity provider, participating in governance voting, or holding related ecosystem assets like PHAR. The distribution process often includes "Multipliers," which are rewards for users demonstrating long-term commitment. These boosts are usually achieved by maintaining consistent voting activity or committing to longer lock durations for associated protocol tokens.

The xPHAR Burn is a deflationary mechanism unique to the Pharaoh protocol. When users mint xPHAR, which is the staked and voting version of the native token, 50% of the PHAR used in the process is permanently destroyed. This creates consistent deflationary pressure on the native token supply. This model is designed to foster organic incentives where participants are encouraged to remain in the ecosystem for rewards rather than through forced compliance.

Participants holding or staking p33 can access multiple incentive streams. These include a share of the protocol fees generated by trading activity and "bribes," which are external incentives provided by other projects to attract liquidity to specific pairs. Because the protocol utilizes a concentrated liquidity model, active participants often see optimized efficiency and rewards compared to standard automated market maker designs.

Security is prioritized by building upon established and battle-tested V3 protocol architectures. Pharaoh undergoes specific security audits conducted by specialized firms to ensure contract integrity and protect against vulnerabilities. These audits verify that the system is secure and that core functions cannot be manipulated by the contract creator. Additionally, the protocol utilizes security tools to monitor for risks such as unauthorized minting or trading restrictions.