Sphynx Network

Sphynx Network is using alchemy in blockchain to develop and comply with the next generation of yield farming and liquidity mining by introducing the full potential of non-fungible tokens (NFTs) to the decentralized finance industry (DeFi). Therefore, Sphynx Network developed the conventional DeFi option, which enables LP staking in a number of pools and earns SPH for it, the platform's governance token.

Alchemy in Blockchain it is utilized to mint and stake a single NFT, once only, in order to simultaneously unlock a series of rewards from various platforms! NFT staking is the second product of Sphynx Network's development plan.

When it comes to the NFT marketplace, it is divided into several sections and performs DeFi-specific functions. Users can flip or hold their NFTs, and their NFTs value will increase over time due to the smart contract design algorithm that will distribute a certain percentage of every market place transaction to the value of the NFTs users hold.

The ultimate goal of Sphynx Network's product development team is to deliver an NFT play to earn game, where players are actually getting rewards and making money out of it, on a daily basis.

Mission

Sphynx Network aims to improve the fundamental nature of DeFi, using alchemy in blockchain technology. This will comply with the next generation of yield farming and liquidity mining by implementing NFT staking. Focusing to deliver an NFT fractional ownership marketplace and a blockchain based play-to-earn NFT game.