Sphynx Labs Announces Its Live DEX Features
Bringing Decentralized Finance to the Masses
AUCKLAND, New Zealand, April 21, 2023 (Newswire.com) - In September of 2021, Sphynx Labs started with the goal of bringing DeFi to the masses in a way that makes sense. What started off as a simple decentralized exchange has now blossomed through technical adversity and bear markets to become a feature-rich trading platform for over 14 blockchains and counting. Sphynx has designed this system over years so that everything cohesively works together which includes the following services:
Swapping
The ability to swap tokens is fundamental. Sphynx has made this process easier in a few ways. To start, Sphynx has made it easy to switch between major blockchains on the platform with one click. Also gone is the concern of so many liquidity pools across all the blockchains and how to get the best price. The swap on the Sphynx Labs platform now aggregates the best prices across all chains from 300+ sources.
Charting
Being able to chart is essential in crypto. In DeFi the problem comes when the user has to use different platforms to trade and check the charts. Sphynx solves this as well with a chart system built right in with a full suite of trading tools regardless of the blockchain the user is on.
Bridging
Moving assets between blockchains in DeFi requires the use of a bridge, essentially a portal between the two blockchains for currencies to travel. Traditionally they are hard to use and require waiting long periods of time for assets to reach the other side causing anxiety in new users. Sphynx Labs has solved this by building bridges from the ground up for all chains using simple step-by-step processes and direct linkage so the process is quick as well.
Sphynx DeFi App
The Sphynx DeFi App is the greatest innovation to come from Sphynx Labs. The app first walks the user through creating a new wallet and explains the difference from owning crypto versus holding it on an exchange. From there, the world of decentralization is open to users to explore from one secure connection. The app houses all of the above-mentioned functionality, as well as the ability to buy and sell crypto with fiat, negating the need for CEXs. This gives users full control and empowers them to know their assets are safe with themselves.
Support
The platform offers 24/7 technical support with a live team for any technical barriers users may encounter.
Future Roadmap
Future announcements this year will include Sphynx Chain (Layer 0,1,2), CEX Liquidity, New Physical Offices, Sphynx Pay & Debit Card, Futures Trading, and continual improvements for our platform and the community.
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About Us
Sphynx Labs is an all-in-one solution for crypto trading, farming, bridging, and more. With Sphynx Labs, you have the power to control your decentralized destiny with powerful tools in one secure platform regardless of the blockchain you want to use. Beyond simply a token, Sphynx Labs is purpose-built to offer yield opportunities in various ways to holders in sustainable ways that feed the ecosystem.
Source: Sphynx Labs
