Hong Kong, April 13, 2026 – The financial Layer 1 blockchain Pharos Network, designed specifically for RealFi, today announced the launch of the 'Stake Before the Stake' incentive program. This event is exclusively supported by OKX Wallet and aims to establish a funding base before the official launch of the Pharos mainnet and to build community consensus.
Through the exclusive activity page supported by OKX Wallet, global users can participate in the structured staking framework and earn up to 16% annual percentage yield (APY), with the opportunity to receive future Pharos airdrops. This event provides early adopters with a transparent and convenient entry point to integrate into the ecosystem ahead of the Pharos 'Pacific Ocean' mainnet launch.
The event will be rolled out in phases, starting with a limited whitelist round, followed by a broader public access. Participants can stake USDC on the Ethereum network using OKX Wallet, with annualized yields of up to 16% during the event. Staked assets will be gradually migrated to the Pharos mainnet before July 20, 2026, providing a comprehensive annualized yield of 14% at that time.
Wish Wu, co-founder and CEO of Pharos Network, stated: “This event is not just a pre-staking incentive; it is a strategic step to prepare capital and loyal users for the mainnet launch. By providing a clear, secure, and high-yield participation framework, we are aligning early adopters with the long-term vision of the network.”
As the official exclusive wallet partner for this event, OKX Wallet provides the necessary infrastructure to simplify user participation and tracking. This collaboration enables Pharos to leverage OKX's robust ecosystem to offer early adopters an efficient and transparent experience in supporting the capital needs of the Pharos Pacific mainnet.
Learn more details: https://x.com/pharos_network/status/2042157372240748850
About Pharos Network
Pharos Network is an inclusive financial Layer 1 blockchain focused on RealFi, where real value and institutional-grade assets circulate on-chain and are integrated with decentralized asset portfolios worldwide. Pharos combines a modular architecture, deep parallel execution, and built-in compliance to drive a native asset ecosystem.
Pharos was founded by the former leadership team of Ant Group, led by CEO Wish Wu, with core members coming from Ant Group, Microsoft Research, and Stanford University, possessing extensive backgrounds in blockchain infrastructure, formal verification, and zero-knowledge proof systems. The team has built underlying infrastructure for Alipay and the largest blockchain platform in Asia.
Pharos completed a Series A financing round of $44 million in April 2026, with investors including Sumitomo Corporation CVC, crypto-native investment firm SNZ Capital, and Flow Traders. Previously, Pharos secured $8 million in a seed funding round led by Lightspeed Faction and Hack VC in November 2024, bringing the total funding raised to $52 million to date. The Pharos testnet was launched in May 2025, allowing developers to start building and testing applications on the platform.