Weekly Update: Aug 19–25, 2022.
This past week saw the crypto market dip again, where BTC fell to 21k USD. The bear market is still alive, but so is the innovation Sphynx Labs is producing.
Recently, Sphynx Labs introduced a boosted Multiplier Pool in the NFT+SPHYNX Pool on the BSC, BRC, and CRO Networks. How this will work will be the following:
The more NFTs an investor holds, the more APR they will be eligible for.
- Every 5 NFT boosts their Staked amount by 5%.
- Each NFT is equivalent to 50,000 Sphynx Tokens (value increases by 5% every 5 NFTs).
A minimum number of entries to enter these Pool is 1 NFT plus 10,000 Tokens, and these NFT Pools will have a 30-day minimum lock, with a 50% early withdrawal fee. After 30 days, the lock will be lifted, and investors can unstake it anytime without penalty.
Another pool which Sphynx Labs is boosting is in the Farms. This will be for ALL the chains to increase the amount of Liquidity on the DEX.
USDT is now live for BSC, ETH, CRO, and BRC. By staking the tokens on the farms’ page and adding USDT to any network using the pool toggle on the bridge page, investors can earn SPHYNX by staking USDT.
The new update is now live for android. Users were experiencing some problems; hopefully, those have been resolved now. Please leave a remark in the help channel if you have any problems.
The largest CRO NFT secondary market, Ebisu’sEbisu’s Bay, now has Sphynx CRO Scions for trading! The collection’s URL is provided below.
Link: https://app.ebisusbay.com/collection/scion-sphynx-council
Tyler and Kolten hosted their very first episode on Twitter Spaces. The goal of Twitter is to treat it like a casual lounge or podcast where the community can come in to participate while also bringing in developers, projects, and other special guests to the show. The Twitter Spaces on Sphynx Labs will occur every Monday and Thursday at 4 pm.
There is much more to come with Sphynx. Stay tuned for Sphynx’sSphynx’s Weekly Updates posted every Friday, or be informed on the Sphynx Telegram, Twitter, and Instagram pages.
Thank you for reading, and have a great week!
