Weekly Update: Sept 16–22, 2022
The bears are not ready to prepare for their hibernation as early Fall saw the market continue to bleed. Bitcoin fell to $18.5K again, and the Fear Greed Index is sitting at 22. But that is not slowing down the team of Sphynx Labs because the Sphynx DEX is the FIRST DEX on the Loop Network Chain!
Users can exchange, bridge, stake, farm and do so much more using the Sphynx Labs DEX. The Sphynx LRC token also increased by more than 2000% in the first two hours after its debut, and it is still rising.
Users can easily and safely bridge $LOOP to and from the Mainnet of Loop Networks. There have been many great praises for the Sphynx Bridge as users were extremely impressed by its speed from BSC to Loop. BRISE, CRO, ETH, and BSC to LOOP and vice versa are coming once Loop Network has introduced stables.
There are currently four staking pools and one farming pool where investors can earn passive income.
Sphynx Staking:
Manual Staking Pool: APY is 7.6%
3-Day Auto Pool: APR is 7.8%
60-Day Auto Pool: APY is 19.1%
180-Day Auto Pool: APY is 38.8%
Sphynx Farming:
SPHYNX/LOOP: APR is 122.14% with an x9 Multiplier
LOOP NFT Mint is Live: Only 500 Scions will be available on the LOOP Network, making these extremely exclusive. The minting price will be 3000 $LOOP, and on top of that, the NFT STAKING will be live shortly where people can earn the native $LOOP. To mint the LOOP Scion, click on this link: https://thesphynx.co/council/15551.
LOOP Mainnet RPC
Network name: LoopNetwork Mainnet
URL RPC: https://api.mainnetloop.com
Chain-ID: 15551
Symbol: LOOP
URL Explorer: https://explorer.mainnetloop.com/
The Scion collection on BRISE has completely been minted and sold out! Once the Sphynx Labs Marketplace becomes available, BRISE Scion holders will be able to buy and sell on the secondary market.
Rewards have officially started on the Genesis ETH Staking. Genesis holders are earning native ETH with an APY of 82.3%. The demand for the Sphynx Genesis is growing daily, so to get your hands on one, click on this link: https://opensea.io/collection/sovereignsphynxcouncilnft.
As always, Sphynx continues to push through, and the latest release of Sphynx Loop is just the beginning of what many great things are coming in weeks to come.
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
