Synthetix Extends Infinex Rewards for sUSD Deposits

Synthetix is retaining the sUSD rewards program on Infinex for one more 6 weeks! Yield farmers who deposit sUSD on Infinex from February 27, 2025, onwards will probably be eligible to earn rewards and may win prizes. That is the second part of the rewards program, and it has a brand new construction.

Take part

From February 27, 2025, at 00:01 UTC, for six weeks, sUSD depositors on Infinex will earn a pro-rata share of 10,000 OP tokens each week. Rewards accrue repeatedly and are distributed weekly. Yields will fluctuate based mostly on the entire worth of sUSD deposits, however we’ve put collectively some handy estimates for depositors:

• At $2M in complete deposits: 28.6% APR
• At $3M in complete deposits: 19% APR
• At $5M in complete deposits: 11.4% APR

You’ll be able to comply with present deposits on the Infinex TVL dashboard. 

To be able to qualify for an OP distribution, Infinex customers should maintain a minimal of 1,000 sUSD deposit on the final day of the week.

Weekly Prize Raffle

Moreover, each week Synthetix will draw 3 prize winners who will obtain the next prizes:

• 1st winner – 1x Patron
• 2nd winner – 1 ETH
• third winner – 1,000 SNX

Contributors will obtain one raffle entry per every 1,000 sUSD on their Infinex account, that means {that a} consumer with:

• 1,000 sUSD will get 1 entry
• 1,800 sUSD will nonetheless get 1 entry
• 10,000 sUSD will get 10 entries
• 1,000,000 sUSD will get 1,000 entries

Be a part of

Getting began is simple. Comply with these steps to start incomes rewards:

1. Create an Infinex Account: Head to Infinex.xyz to create your account or log in.
2. Deposit sUSD: Switch sUSD into your Infinex Account.
3. Earn Rewards: OP rewards will probably be despatched to your Infinex Account every week.

About Infinex

Infinex is a brand new form of crypto app that gives entry to onchain protocols, companies, and purposes. It’s non-custodial, utilizing a novel safety structure centred round onchain sensible accounts and passkeys. Infinex is designed to exchange centralized platforms as the first level of interplay for crypto customers. 

Want extra data? 

See Infinex Assist for detailed directions on account creation and extra. For details about sUSD, see the Synthetix Docs. Don’t miss out, get began now.