Weekly Update: February 24th 2023- March 3rd 2023
It would seem that as far as this week goes, we had a bear in bull's clothing. Many expected to see $25k BTC, and we got $22k. All is not lost however. In traditional finance the S&P 500 has broken a 4 week losing streak and stocks have risen on this Friday overall. Expectedly, ETH and BNB have followed the bearish sentiment of BTC with ETH at $1.5k and BNB at $289. An overall shift in the crypto market could happen at any time, so it is important to stay vigilant.
This week the roll of OKX Chain Integration continued with Sphynx Labs. OKX announced the partnership on their Twitter this week to all of their followers. Sphynx Labs is the preferred launchpad for projects on the OKX Chain and will receive recommendations from the OKX team.
Tyler from Sphynx Labs was also a guest on the OKX Space this week discussing where DeFi goes from here and the pitfalls of regulation. You can listen to part 1 (before the Twitter rug) here: https://twitter.com/OKCNetwork/status/1630840426188947456?t=bCZlqMtfJT9iyxjG0SlQbQ&s=19
An article was also posted on the OKX Medium from Sphynx’s own Tyler about Crypto Conundrums and How to Solve Them. https://link.medium.com/XdRgoeUDSxb
If you didn't catch the news from last week, Lonzo stated the entire DEX is getting a facelift with brand new functionality to trade any token from any DEX on whatever chain you are on. This is different from the current system of having to choose between Sphynx LP or one other major DEX on each chain. Even more amazing still, Sphynx investors learned of the Sphynx Bridge V2. This new bridge will make it possible to trade across chains. Lonzo gave the example of directly swapping BNB on BSC for ETH on the Ethereum chain without the need to convert to USDC or another stable first.
The revamp of the DEX and Bridge are still under heavy development this week. Expect more updates in the near future.
As stated last week, the Aegis NFT giveaway on Gleam has been extended to March,10th, and the 3,000,000 token giveaway is still live as well.
Enter here: https://gleam.io/QcNNq/sphynx-labs-3000000-token-giveaway
https://gleam.io/competitions/cXA5h-sphynx-aegis-giveaway
There is much more to come with Sphynx. Stay tuned for Sphynx’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!
Sphynx Labs Links
Aegis Sphynx Mint: https://thesphynx.co/council/56
Website: https://sphynxlabs.co
Telegram: https://t.me/sphynxlabs
Twitter: https://twitter.com/SphynxLabs
Sphynx Mobile App on Apple App Store: https://apps.apple.com/app/sphynx-defi-app/id1626361848
Sphynx Mobile App on Google Play Store: https://play.google.com/store/apps/details?id=com.sphynx
