2 min readSep 6, 2021
Hey #sphynxgang! The project has 4 prodcuts to deliver ๐ check this and our roadmap, too!
Letโs discuss below how our main four products work:
- Yield Farming and LP Staking: Our first product is regular LP staking, yield farming, which is already out. Now you can do liquidity mining the smart way. People can earn rewards without the risk by securely syncing staked assets via their NFT vault.
- NFT Staking: Our second product is NFT staking, meaning that instead of staking the LP that you have initially created, you will mint an NFT with it, that will hold the LP value, that NFT will be staked, and it will yield rewards. The special thing about it is that by using alchemy in blockchain, staking 1 NFT, 1 time only, will unlock multiple rewards simultaneously from different platforms.
- NFT Marketplace: Our third product is an NFT marketplace with fractional ownership, meaning that people can buy and sell also a percentage out of an NFT, not just the whole value of it, further on, the marketplace will have besides buying and selling NFTs, also a breed option that will be highly correlated with the play to earn blockchain-based game which is the product 4 that we deliver.
- NFT Blockchain-Based Game: Good news for gaming lovers; the play-to-earn revolution is here. The characters will be called Sphynxies and they will be used in adventure mode, to win SPH and SPHX (which will be the second asset of the project, as Sphynx will become a DAO โ decentralized autonomous organization and SPH will become a governance token, SPHX will fuel the marketplace and the game. The second part of the game is the combat arena, where users will fight other users for SPH and SPHX rewards.