SX #52 - Deposit Flow 2.0
SX King of March Round 3, Results of Governance Proposals
💸 Deposit Flow 2.0
We have made a few changes to the deposit flow to make it easier than ever to fund your wallet. Simpleswap, Paytrie, and SX Network have been added to the new deposit flow.
Using the newly integrated Paytrie option, Canadians can purchase USDC through Interac e-transfer directly onto SX Network right from SX Bet.
SimpleSwap is an instant cryptocurrency exchange that offers more than 600 crypto and fiat currencies. Floating and fixed rates are available so you can always choose the most suitable option. This integration will make for a more seamless process to exchange into your preferred betting currency.
🏀 The King of March: Round 3
The SX Bet King of March Round 3 is underway, and we can't wait to see who advances to the final four. See the full matchups here.
SX Madness is far from over, and we’ve got a couple more tournaments this month with $5000 in prize pools still up for grabs.
🏀 SX Madness Week 2 🏀 March 23-26 💰 $2500 💰
🏀 SX Madness Week 3 🏀 April 1-3 💰 $2500
📋 The Community has Spoken
We are pleased to announce the results of the latest governance proposals. Users have voted overwhelmingly in support of both proposals.
YES ✅ 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
YES ✅ 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.
We pride ourselves on being a community-governed platform, where our users have a say in shaping our direction and decision-making processes. A big thank you to our community members that took to time to participate.
About SX Network
SX Network combines smart contracts with an on-chain treasury and prediction market protocol. SX Network is perfect for developers with EVM compatibility, low-cost transactions, and PoS-based consensus. SX Bet is the largest blockchain betting platform in the world, with over $315,000,000 in betting volume since its inception.
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