What makes SPH different ?
-> Sphynx Network is focusing on changing the fundamental nature of DeFi and liquidity mining by making staking more dynamic and flexible by implementing the transferable function that unties the LP stake from the user’s account. Staking will be inked to a transferable NFT!
-> When staking with Sphynx Network, you will no longer need to unstake your assets if you want to stop staking, you can simply delegate a percentage of your stake from the NFT to an 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.
-> You can also breakdown the NFT into smaller pieces. You can unstake the NFT, the process will be the same as with a regular LP. In this process NFT won’t be burned but emptied and the staked funds plus accumulated and unredeemed rewards will be transferred to you.
-> If you don’t 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!