Weekly Update: Nov 11th-Nov 17th, 2022

Sphynx Labs
2 min readNov 18, 2022


As winter is approaching, the winter blues still haunts the crypto market with the latest news on centralised exchanges. It is important to understand that this was a mistake by one person. There is nothing wrong with crypto. Crypto is headed positively, and innovation will surpass the darkness. What is bad in the short term is good for the long term. As more of the dead limbs are shaken, growth becomes possible. We can see this in the past with the early days of the dot com era as companies came and went and made the internet better for it.

What has happened with Sphynx Labs in the last week during this upheaval? We have continued to build.

We are very excited to announce that full integration of the MUU Chain from MUU is coming very soon! The bridge from BSC to the MUU Chain is now live, and the following utilities will soon go live!

Stop Loss/Limit Orders
Farms/Staking Pools
NFT Marketplace (Future Update)
Sphynx DeFi App Integration

The team was also excited to announce that the Risu Chain Bridge is now live on the Sphynx dApp! As a result, users can bridge from ETH or BSC to the Risu Mainnet and vice versa. To start exploring the Risu Chain, click on the following links below:

From BSC: http://thesphynx.co/bridge/56
From ETH: http://thesphynx.co/bridge/1
From Risu Mainnet: http://thesphynx.co/bridge/

The first chain of the NFT Marketplace, Loop, will go live when stress testing finishes. Eventually, all chains Sphynx supports will be represented in the Marketplace.

Sphynx Labs CEO Lonzo was in attendance for a Twitter Space on Thursday with Rude’s Crypto Lounge and dropped a hint at a large upcoming partnership that will be announced within the next week.

Lonzo also rallied the community earlier this week and gave some thoughts on the current situation the space is facing. Lonzo will be doing a special AMA breaking all of this down and discussing the differences between a CEX and DEX shortly.

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
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



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