After two weeks of public beta testing, PHX V2 has received feedback from 204 independent addresses in the community. We have made corresponding optimizations for the issues raised and now PHX V2 is ready to go live.

The preliminary plan for the launch steps are as follows:

1. PHX V2 core features (Stake, Withdrawal) will be launched on 2023.7.1 08:00 (UTC+0). At that time, all contracts will be deployed and the UI will be launched simultaneously.
2. The VotingEscrow and LP staking contract will be launched on 2023.7.3 08:00 (UTC+0). Users can stake LP and participate in VotingEscrow staking at that time.
3. PHX/CFX trading pair will have initial liquidity added on Swappi on July 3, 2023 at 08:00 (UTC+0). The initial price for PHX is 0.11 CFX.

After over two months of development, PHX V2 is finally nearing completion. This is a significant milestone for the PHX metaverse.

PHX V2 is a major upgrade that has the following advantages compared to V1:

1. Improved liquidity of funds, along with increased interaction with other DEFI protocols.
2. Significantly reduced lock-up time.
3. Supports compounding, resulting in higher yields.
4. Completely new UI, which is more streamlined and user-friendly.