SX Network Motivation

The SX Protocol is one of the most widely used non-custodial prediction market protocols in the world, processing more than $40 million in trades since inception. 
SX Protocol pioneered a number of new features to make this possible: peer-to-peer central limit order book liquidity, community treasury governance, and the first prediction market liquidity mining program.
The SX Protocol was initially deployed on the Ethereum blockchain, before becoming one of the first applications to launch on the Polygon PoS network back in September 2020. However, the protocol faces several long-term risks and limitations as a function of being on Polygon PoS:
Rising costs on Polygon. Gas prices on the Polygon PoS network are still very low, but they’ve increased by over 700x already since January 2021. Polygon’s continued growth threatens to price out smaller transactions over time.
Blockchain sovereignty. The SX Protocol currently has no control over network architecture. Like other generic public blockchains, Polygon PoS wasn’t customized to support unique use cases such as prediction markets.
Incentive alignment. SX Protocol may have differing incentives than other stakeholders in the Polygon PoS chain. As Polygon continues to grow, these differing interests can strain. Building SX Network aligns interests across all stakeholders in the ecosystem.
SX Network is a dramatic expansion of the vision behind SX Protocol. It reimagines SX as a stand-alone public blockchain capable of solving these limitations and mitigating these long-term risks. 
Moreover, SX will be the first public network to combine a smart contract platform with an on-chain community treasury and a native prediction market protocol. SX Network can combine these three characteristics to become the first smart contract blockchain to implement a market-based governance system for both its treasury and network parameters.

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