Unique Features

Sphynx Network is focusing on changing the fundamental nature of DeFi and liquidity mining. It is trying to make staking more dynamic and flexible by implementing the transferable function that unties the LP stake from the user’s account. Here at Sphynx, the staking function will be linked to a transferable NFT.

When staking with Sphynx Network, you will no longer need to unstake your assets if you want to stop staking. One can simply delegate a percentage of one’s stake from the NFT to exchange and place a sell order. Sphynx Network will create a secondary market for the already staked tokens and when you are done staking, you can just go in the market and sell your NFT, since all the details will be stored in there.

The users can also break down NFTs into smaller pieces. It is possible to unstake the NFT and the process will be the same as with a regular LP. In this process, NFT would not be burned but emptied and the staked funds and accumulated/unredeemed rewards will be transferred to the user. If you do not want to sell all of your staked tokens you can simply put a percentage of that out in the market and keep the rest, the value of the NFT will be updated and a new NFT will be minted for the buyer or added to their NFT if they already have one.

Staking Vaults – Stake your LPs and instantly get 5000 SPH every 3 seconds.

NFT Staking Vaults – Become an Alchemist now, with a 5x to 10x reward multiplier.

NFT Marketplace – Fractional ownership. Collect them all or become a Sphynx breeder, sell them or use them to gain rewards. NFT Blockchain Game – Get in-game rewards in adventure mode or fight other users in the combat arena for SPH and BNB.