Synthetix & Infinex announce an SNX deposit marketing campaign in anticipation of the launch of SNX staking
Infinex customers who maintain SNX (deposit or swidge) on from April seventh, 2025 can be eligible to earn SNX rewards and can be within the working for weekly prizes, together with Patrons. This marketing campaign is launched in preparation for SNX staking, which can quickly be accessible within the Infinex ‘Earn’ web page, Synthetix is partnering with Infinex to reward SNX holders. For now, all you have to do is deposit or swidge, and hodl SNX with Infinex.
How you can Take part
From April seventh, 2025, at 00:01 UTC, for six weeks, SNX holders on Infinex will earn a pro-rata share of 10,000 SNX tokens each week. Rewards accrue constantly and are distributed weekly.
SNX Rewards
Yields will differ primarily based on the whole worth of SNX deposits, however we’ve put collectively some handy estimates for depositors:
- At 1M SNX in complete deposits: 52% APR
- At 2M in complete deposits: 26% APR
- At 5M in complete deposits: 10% APR
You possibly can observe present deposits on the Infinex TVL dashboard.
So as to qualify for an SNX distribution, Infinex customers should maintain a minimal of 500 SNX on the final day of the week (Sunday 11.59pm UTC)
Weekly Prize Raffle
Moreover, each week Synthetix will draw 5 prize winners who will obtain the next prizes:
- 1st winner – 1 x Patron
- 2nd winner – 1 x Patron
- third winner – 1 ETH
- 4th winner – 2,000 SNX
- fifth winner – 1,000 SNX
Members will obtain one raffle entry per every 500 SNX on their Infinex account, which means {that a} consumer with:
- 500 SNX will get 1 entry
- 1,000 SNX will get 2 entries
- 1,200 SNX will nonetheless get 2 entries
- 10,000 SNX will get 20 entries
- 500,000 SNX will get 1,000 entries
How you can Be part of
Getting began is straightforward. Observe these steps to start incomes rewards:
- Create an Infinex Account: Head to Infinex.xyz to create your account or log in.
- Maintain SNX: Deposit or swidge SNX into your Infinex Account.
- Earn Rewards: SNX rewards can be despatched to your Infinex Account every week.
About Synthetix
Based by Kain Warwick in 2017, Synthetix is a DeFI powerhouse; a decentralized liquidity and derivatives protocol that powers onchain buying and selling of artificial property. SNX permits permissionless entry to deep liquidity for property on Ethereum, Base and Optimism. Synthetix permits protocols, builders and merchants to leverage its good contract infrastructure to create, commerce, and handle artificial positions with excessive capital effectivity.
About Infinex
Infinex is a brand new sort of crypto app that gives entry to onchain protocols, companies, and purposes. It’s non-custodial, utilizing a novel safety structure centred round onchain good accounts and passkeys. Infinex is designed to exchange centralized platforms as the first level of interplay for crypto customers.
Want extra information?
See Infinex Assist for detailed directions on account creation and extra. For details about Synthetix and SNX, learn the newest stories from Messari. Don’t miss out, get began now.
