SX #51 - King of March Kickoff

Best Odds in the Game, New Landing Page, Governance Proposals

Mar 17, 2023

🏀 Game On!

The SX Bet King of March tournament has officially begun! Round 1 of the head-to-head matches are underway, and we can't wait to see who advances to round 2. Looking at the first day of betting, we are expecting there to be some surprises.

But wait, there’s more! We’ve got 3 more tournaments this month with $7500 in prize pools up for grabs.

🏀 SX Madness Week 1 🏀 March 16-19 💰 $2500 💰

🏀 SX Madness Week 2 🏀 March 23-26 💰 $2500 💰

🏀 SX Madness Week 3 🏀 April 1-3 💰 $2500 💰

👑 Odds on SX Bet, Nothing but Net

If you're looking for some of the best odds in the game, look no further than SX Bet. We took a look at odds on a certain centralized betting platform, and we’re happy to go toe-to-toe all day. Amazing odds, Bet Mining, and the $1000 Welcome Bonus makes SX Bet the place to bet. Tell your friends.

Andrew | SX 🦈 @Andrew__SX

@SX_Bet has better odds on *every* single NBA spread market side tonight by a wide margin Plus SX has a $1k welcome bonus, has betting tournaments, & you earn SX from bet mining You also can't be banned for winning, keep custody of your funds, and its all transparent on-chain

Andrew | SX 🦈 @Andrew__SX

@SX_Bet has better odds on 15/16 NBA markets once again today If you care about making an extra 5-7% on your bets, SX is the best choice Time is finally here for explosive growth in Web3 sports betting exchanges and political prediction markets

🖥️ New Landing Page

We are excited to announce the launch of our new SX Bet landing page, dedicated to showcasing all of the amazing features and benefits that SX Bet has to offer. Our goal with this landing page is to provide our current and potential users with a comprehensive overview of why they should choose SX Bet.

The new page is also designed to support our search engine optimization (SEO) efforts, which can help improve our online visibility and attract more traffic to SX Bet. With this new landing page, we are confident that users will have a better understanding of what makes SX Bet stand out from the rest.

📋 Governance Proposals

We pride ourselves on being a community-governed platform, where our users have a say in shaping our direction and decision-making processes. This is why we're excited to present two proposals that we believe will improve the overall experience for our users.

Lower Taker Fees to 2.00% & Eliminate Taker Fee Discounts

Summary:

Lower fees paid on winnings by takers to 2.00% from 4.00%
Eliminate taker fee discounts

As requested, this proposal will lower taker fees from 4.00% to 2.00%, while also eliminating fee discounts for takers. Both changes are being batched as it doesn't make sense to do just one or the other. Lowering the headline taker fee will make SX far more competitive for both existing users and newcomers alike, and brings SX in line with other betting exchanges

VOTE

Fund Relayer Bridges

As requested, this proposal is to fund the USDC and WETH Polygon-SX relayer bridge with $250,000 USDC and 75 ETH. This will enable four functions, at a much greater scale than the current setup:

Bridging in USDC to SXN from Polygon
Bridging out USDC from SXN to Polygon
Bridging in WETH to SXN from Polygon
Bridging out WETH from SXN to Polygon

The USDC/WETH Polygon bridges have been way more popular than expected and topping up the liquidity is incredibly important to ensuring bettors have low friction between depositing and withdrawing their capital. All bridge fees earned will be used to offset gas fees from rebalancing.