Fund Bet Mining Budget

Bet Mining continues to be a fundamental staple of SX, helping drive SX Bet monthly betting volumes consistently higher.

The SX budget from “Funding Bet Mining 2.0” from over a year ago (June 2021) has run out. The SX core team has been funding this cost out of pocket to prevent any disruptions in service. To recap - in Bet Mining 2.0, up to 150,000 SX can be paid out each week, with the final number varying based on volume and SX price. This number has consistently been 150k over the last three months as volume on SX has been high.

The proposal estimated that the original budget would last somewhere between 33-52 weeks. Given that we’re only now re-upping the budget over 60 weeks later should hopefully give the community confidence in the sustainability of this program.

We continue to believe Bet Mining 2.0 is a sustainable formula to give real users of SX control over the protocol over time whilst promoting continued community and volume growth. Given its importance, it’s critical that there is ample SX funding available to maintain current payout levels indefinitely. With that in mind, we would like to request 10,000,000 (10m) SX tokens to fund bet mining.

All 10m SX will be used to for bet mining payouts, which will last 66 weeks at the absolute minimum (10m/150k per week).