July 9, 2025
The next publish incorporates a recap of stories, tasks, and essential updates from the Spartan Council and Core Contributors from final week.
👉TLDR
OP rewards are again for sUSD depositors on Infinex: 12,000 OP/week up for grabsDeposit 1,000 sUSD or extra by August 15 to qualify for weekly yield and raffle prizes5 fortunate winners each week: Prizes embrace ETH, SNX, and Patron statusMainnet Part 0 is sort of right here!
Spartan Council and SIP updates
SNXweave will probably be publishing the Quarterly Report shortly, so we’ve acquired a fast replace for you guys in the present day. As we strategy the launch of Synthetix Mainnet Part 0, one other spherical of rewards goes stay for sUSD depositors on Infinex. When you missed the final marketing campaign, or should you’re simply now getting concerned, you’re proper on time.
Beginning July 4th, customers who deposit not less than 1,000 sUSD into their Infinex account will begin incomes a share of 12,000 OP tokens distributed weekly. Meaning rewards accrue constantly, with new payouts every week — and also you don’t have to do anything after depositing.
For these already deposited: congrats, you’re nonetheless incomes. For everybody else, the door is huge open till August fifteenth.
So what sort of returns are we speaking about? As all the time, yields will scale primarily based on whole deposits. If there’s 3 million sUSD within the pool, that’s roughly 12% APR. If it hits 5 million, it’s round 7% APR. The Infinex TVL dashboard will probably be your finest buddy right here if you wish to preserve tabs on stay numbers.
And it will get higher! Every week features a raffle draw with 5 prize winners:
First place: 1 PatronSecond place: 1 PatronThird place: 1 ETHFourth place: 2,000 SNXFifth place: 1,000 SNX
You’ll obtain one entry for each 1,000 sUSD that you just maintain on Infinex. So in case you have 10,000 sUSD, that’s 10 entries, and in case you have 1M sUSD, that’s 1,000 entries!
Whether or not you’re yield farming or making an attempt for a shot at that ETH prize, participation is easy:
Create or log into your Infinex accountDeposit sUSD (on Ethereum or Optimism, or Swidge from any asset)That’s it! You’ll earn OP weekly and auto-enter the raffle
If that is your first time utilizing Infinex, it’s value trying out Infinex Join, the brand new characteristic that we’ve beforehand mentioned that makes on-chain interplay really feel seamless. From the “Apps” web page, you may provide/borrow on Aave, stake SNX/sUSD within the 420 Pool, and extra — all with out switching wallets or navigating a number of dApps.
That is all taking place within the lead-up to one thing a lot larger: the Part 0 launch of Synthetix Mainnet. Momentum is constructing quick, and these campaigns are just the start. When you’ve been ready to get entangled, now’s the time!
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