Uses a bespoke Layer 1 blockchain to enable cross-margining, potentially freeing up 99% of locked capital.

Raised funding from notable investors including , Blizzard Fund , and GS Futures .

The phrase is a stylized greeting (gm) referencing Sphinx (SPHX) , an institutional-grade decentralized exchange (DEX) focused on on-chain commodity derivatives . The ".rar" suffix is common internet slang for a "compressed" or packed version of something, often used to signal a "secret" or "undiscovered" alpha release within crypto communities. Sphinx (SPHX) Project Overview

Utilizes a Centralized Limit Order Book (CLOB) for sub-millisecond execution with on-chain transparency.

Trades commodities anytime, unlike traditional markets that close on weekends.

Built on a proprietary Layer 1 blockchain (some integrations mention for interoperability).

Sphinx is building a platform to trade real-world commodities like oil, natural gas, gold, and electricity using decentralized infrastructure.

Finalizes trades in real-time, eliminating the standard 2-day wait (T+2) found in legacy systems. Technical Stack: