FORTY_ACRES_PHARAOH_NOTE

Documentation for eth_defi.vault.flag.FORTY_ACRES_PHARAOH_NOTE data.

FORTY_ACRES_PHARAOH_NOTE = "#### Withdrawal restrictions\n\n**Withdrawals depend on available USDC and may remain restricted for an uncertain period.**\nDepositors fund borrower loans secured by income-generating collateral. The\n[lending documentation](https://docs.40acres.finance/lending) explains that\nborrowers' collateral rewards fund lender returns and that fully utilised\npools require repayments before lenders can withdraw.\n\nReported vault assets include outstanding loans, rather than only USDC ready\nto pay withdrawals. Collateral income and voluntary borrower repayments can\nreplenish that cash, but lenders cannot demand immediate loan repayment or\ntrigger automatic collateral liquidation. The\n[risk disclosure](https://docs.40acres.finance/risk-disclosure) explains that\nrepayment has no fixed timeline: falling rewards can extend it, and failed\nreward generation can leave the vault with bad debt and losses for depositors.\n\n\n#### Pharaoh USDC snapshot\n\nOn **2 November 2026**, the [Avalanche vault](https://snowtrace.io/address/0x124d00b1ce4453ffc5a5f65ce83af13a7709bac7)\nheld **zero USDC available for immediate withdrawals**, against approximately\n243,666 USDC of reported assets and 244,036 USDC of outstanding loan principal.\nThe [40acres FAQ](https://docs.40acres.finance/faq) identifies\nPharaoh's xPHAR market. [Pharaoh's documentation](https://docs.phar.gg/pages/xphar)\nexplains that xPHAR is a token providing voting rights and protocol rewards.\nThe [official contract directory](https://docs.40acres.finance/contracts)\nlists the associated supply vault and loan contract. The liquidity figures\nare dated observations, not a guaranteed withdrawal timetable.\n"

Pharaoh USDC, 40acres on Avalanche; user-requested review on 2026-11-02, independently checked using RPC and the official API at block 99,220,018. Zero direct USDC against 243,666.472184 USDC of reported assets. Do not infer that the March announcement specifically described this pool. https://tradingstrategy.ai/vaults/pharaoh-usdc