November 2026 Pact Update: Hay Launch Results, Live Farm APRs, clMM on Mainnet & a New Dashboard
October was a big month for Pact. Permissionless farms went live, our Hay Launch programs turned new tokens into farmable pools, clMM moved onto mainnet for internal testing, and we shipped a brand-new dashboard.
Here's what happened and what's coming next.
1. Permissionless Farms Are Live
Since October 13, anyone can create a farm on Pact. And the community wasted no time.
There are now 63 farms live on Pact, and 21 of them were created by the community across six different creators. Merchant of Algo alone has launched 10, from HAY/POVERTY to FOX/QUANTO, and builders are now pairing new tokens with each other, not just with ALGO.
Two farms we promised last month are also live:
- Stake ALGO, earn ALGO. Our first ALGO single-asset farm, with over $26K already staked.
- Stake POW, earn POW. The first single-sided $POW farm, funded by farm creation fees.
As a reminder, $POW is the default reward on Pact farms, and you can choose to receive your rewards in another token when you harvest.
2. Hay Launch × Pact: October Results
This month we ran two programs with Hay Launch, built around one idea: when a token bonds on Hay, it should have somewhere to grow on Pact.
- Launch Week (Oct 12–19). Every token that bonded got a Pact farm. FOX, CRED and COZMC bonded during the week.
- Creator Week (Oct 23–30). Every token that bonded got two Pact farms, an ALGO/TOKEN LP farm and a single-asset farm. DUCAT and QUANTO bonded during the week, and we extended the same farms to FORK and BRONZE, which bonded just hours after it closed.
In total, 7 tokens bonded into Pact pools, Pact launched 11 farms for them, and the community added 11 more on top. Together, those pools now hold around $54K of liquidity.
A big thank you to the Hay team, and to every creator and trader who took part.
3. Current Farms and APRs
Here are the farms Pact runs today and what they pay. Total APR includes the pool's trading fees plus farm rewards. (The farm pages show the compounded APY, which reads slightly higher.)
APR snapshot as of November 4, 2026. Live rates are on each farm's page.
A low amount staked doesn't mean your APR will be diluted. Many of our core farms run on a fixed reward rate: every staked token earns at a set APR, rather than splitting one pot of rewards among however much is staked. New stakers earn the same rate as everyone else until the farm's rewards are fully allocated, and we typically top up rewards to keep these farms at their set rates. So a farm that looks lightly staked won't necessarily see its APR drop when you join.
Core Farms
| Stake | Earn | Total APR |
|---|---|---|
| USDC / ALPHA LP | POW | 30.9% |
| ALGO / WBTC LP | POW | 26.9% |
| USDC / WETH LP | POW | 20.7% |
| ALGO / WETH LP | POW | 16.8% |
| ALGO / COOP LP | POW | 16.4% |
| ALGO / ALPHA LP | POW | 16.1% |
| ALGO / ORA LP | POW | 14.0% |
| USDC / POW LP | POW | 11.1% |
| ALGO / HAY LP | POW | 11.0% |
| USDC / WBTC LP | POW | 10.4% |
| USDC / SILVER$ LP | POW | 10.3% |
| ALGO / USDC LP | POW | 9.5% |
| USDC / FOLKS LP | POW | 9.1% |
| USDC / GOLD$ LP | POW | 8.9% |
| ALGO / FOLKS LP | POW | 8.4% |
| ALGO / U LP | POW | 8.2% |
| ALGO / goBTC LP | POW | 8.1% |
| ALGO / POW LP | POW | 7.8% |
| ALGO / WAD LP | POW | 6.7% |
| USDC / HAY LP | POW | 6.6% |
| U / FOLKS LP | POW | 4.6% |
| ALGO / ASASTATS LP | POW | 4.5% |
| ALGO (single-asset) | ALGO | 4.3% |
| ALGO / goETH LP | POW | 3.7% |
| ALGO / MINE LP | POW | 3.6% |
| USDC / FINITE LP | POW | 3.5% |
| POW (single-asset) | POW | 3.1% |
| COMPX / U LP | POW | 2.7% |
| ALGO / HOG LP | POW | 2.5% |
| ALPHA / U LP | POW | 2.4% |
| ALGO / FINITE LP | POW | 2.4% |
Hay Launch Farms
These farms share a set pool of rewards over 30 days, so their APRs move with the amount staked.
| Stake | Earn | Total APR |
|---|---|---|
| ALGO / FOX LP | POW | 507.6% |
| ALGO / CRED LP | POW | 191.9% |
| ALGO / QUANTO LP | POW | 150.5% |
| FORK (single-asset) | POW | 144.1% |
| USDC / DUCAT LP | POW | 74.3% |
| ALGO / FORK LP | POW | 35.0% |
| CRED (single-asset) | POW | 26.6% |
| COOP / BRONZE LP | POW | 15.3% |
| DUCAT (single-asset) | POW | 8.3% |
| QUANTO (single-asset) | POW | 7.7% |
| BRONZE (single-asset) | POW | 6.6% |
You'll also find the 21 community-created farms on the farms page.
4. clMM Is Live on Mainnet for Internal Testing
clMM, our concentrated liquidity market maker, is now live on mainnet for internal testing.
Our team is putting real pools through their paces: providing liquidity in custom price ranges, swapping with exact on-chain quotes, and checking every edge case before anyone else touches it. For now these pools are only reachable by direct link. They don't appear in pool lists or swap routing yet.
We plan to go to market with clMM this month. Stay tuned for launch details.
5. Tokenomics Built for the Long Term
We've been working on an updated $POW tokenomics structure, focused on long-term alignment and sustainability.
One encouraging sign: token distributions are currently running behind the original schedule. As of November 4, about 18% of the 1 billion $POW supply has been released. That means fewer tokens have entered circulation than first planned, and it gives us room to get the next phase right.
We believe the upcoming changes will align the token even better with Pact's long-term goals, especially as governance rolls out. We'll share the full details soon.
6. A New Dashboard (Beta) and Much More
We've rebuilt the dashboard from the ground up. Connect your wallet and tap Try the new dashboard to switch it on.
Everything that needs your attention, in one place:
- Needs attention flags anything that needs action, like farms that have ended while you're still staked.
- Your whole portfolio: total value, what it earns, and rewards accruing in real time.
- Holdings across your wallet, liquidity positions and farms.
- Put idle tokens to work: pools and farms that take tokens already in your wallet.
- Activity: your recent swaps, liquidity and farm actions.
We've also launched a new analytics hub in beta, with a token screener, token pages with price charts, a daily "What changed" summary and market movers.
Plus a long list of smaller improvements:
- Farm filters and clearer reward-rate details on farm pages.
- Ended farms are hidden on pool pages, so live farms come first.
- Folks fAsset pools (like fALGO/fUSDC) can now be joined straight from the underlying tokens, and converted back when you remove liquidity.
- Faster loading across the site.
- Fixes to price impact, harvesting and the liquidity panels.
Looking Ahead
November is shaping up to be another big month, with clMM going to market, the next phase of our tokenomics, and more farms and community programs on the way.
Thank you to everyone building, farming and trading on Pact, and especially to the creators and the Hay team for an incredible October.
Stay tuned!