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SX.betSX.betby0x025b9FD9F1ed818d688e19c5F43c500bf44cEA470x025b…EA47

Reduce SX Issuance from Bet Mining to 10,000 SX/day

Voting ended over 2 years agoSucceeded

This proposal is to reduce the maximum new SX Bet Mining rewards from 150,000 SX per week to 70,000 SX now that taker fees have been lowered by 50% from 4.00% to 2.00%.

This proposal is pretty straight forward - we are lowering taker fees by 50% so it makes sense to lower bet mining rewards by roughly 50% as well. Reducing to an even 10,000 SX per day is easy to understand and will pave the way for potentially automating bet mining payments to be made daily.

This reduces the number of SX tokens being issued each year through bet mining by 53% from 7,800,000 to 3,640,000 SX per year, improving SX tokenomics and making SX even more scarce.

See discord for discussion

Off-Chain Vote

Yes - Reduce SX bet mining
30.55M WSX98.3%
No - Don't reduce SX bet mining
534.2K WSX1.7%
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Discussion

SX.betReduce SX Issuance from Bet Mining to 10,000 SX/day

Timeline

Jul 24, 2023Proposal created
Jul 24, 2023Proposal vote started
Jul 29, 2023Proposal vote ended
Oct 26, 2023Proposal updated