April 13, 2026, Hong Kong — Pharos Network, an institutional-grade financial Layer 1 blockchain network built for RealFi, has announced the launch of the "Stake Before the Stake" incentive program. This event is exclusively supported by OKX Wallet and aims to lay the foundation for the upcoming Pharos mainnet launch while further enhancing community cohesion.

Through this event, global users can participate in a structured staking framework, earning APY of up to 16%, and have the opportunity to receive future Pharos airdrops.

Meanwhile, the event will provide early users with a transparent and convenient entry point, helping users to participate better in the Pharos ecosystem and assist Pharos in rapidly moving towards the Pacific Ocean mainnet phase.

The event will be conducted in multiple phases, starting with a whitelist round, which will open to the public 24 hours later.

Participants can use the OKX Wallet to stake USDC on Ethereum, with an APY of up to 16% during the event. After the participation entry closes on April 20, all staked assets will be migrated to the Pharos mainnet until July 20, 2026, at which point the total annualized return will be locked at 14%.

Regarding this event, Wish Wu, co-founder and CEO of Pharos, stated:

This initiative is not just a pre-staking incentive but also an important step in raising funds for the Pharos mainnet and attracting loyal users. By providing a clear, secure, and high-yield participation framework, we tightly link early users to the long-term vision of the network.

As the official exclusive wallet partner for this event, OKX Wallet will provide the necessary infrastructure to simplify user participation and tracking processes. This collaboration enables Pharos to leverage OKX's strong ecosystem, ensuring that early users have an efficient and transparent experience while supporting the Pharos Pacific Ocean mainnet.

For more details: https://x.com/pharos_network/status/2042157372240748850

About Pharos Network

Pharos Network is an inclusive Layer 1 blockchain designed for RealFi (real finance), dedicated to enabling the free flow of real value and institutional-grade assets on-chain while achieving composability with decentralized assets globally. Pharos integrates a modular architecture, a deep parallel execution engine, and built-in compliance modules, driving the native ecological development of assets.

The team is initiated by the core management from Ant Group, led by CEO Wish Wu, with core members from Ant Group, Microsoft Research, and Stanford University, possessing deep expertise in blockchain infrastructure, formal verification, and zero-knowledge proof systems. This team has previously led the infrastructure development of Alipay and Asia's largest blockchain platform.

In terms of financing, in April 2026, Pharos announced the completion of a $44 million Series A financing. Prior to this, Pharos completed an $8 million seed round financing in November 2024, led by Lightspeed Faction and Hack VC, bringing the total financing amount to $52 million. The Pharos testnet was launched in May 2025, allowing developers to build and test applications on the platform.

Pharos completed a $44 million Series A financing in April 2026, with participation from Sumitomo Corporation's CVC, cryptocurrency-native investment firm SNZ Capital, and Flow Traders in this round. Previously, the company completed an $8 million seed round financing in November 2024, led by Lightspeed Faction and Hack VC. To date, Pharos's total fundraising has reached $52 million. The Pharos testnet was launched in May 2025, allowing developers to start building and testing applications on the platform.