Synthetix is preserving the sUSD rewards program on Infinex for an additional 6 weeks! Yield farmers who deposit sUSD on Infinex from February 27, 2025, onwards can be eligible to earn rewards and might also win prizes. That is the second part of the rewards program, and it has a brand new construction.
How one can 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 range based mostly on the whole worth of sUSD deposits, however we’ve put collectively some handy estimates for depositors:
At $2M in complete deposits: 28.6% APRAt $3M in complete deposits: 19% APRAt $5M in complete deposits: 11.4% APR
You’ll be able to observe present deposits on the Infinex TVL dashboard.Â
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 Patron2nd winner – 1 ETH3rd winner – 1,000 SNX
Individuals will obtain one raffle entry per every 1,000 sUSD on their Infinex account, which means {that a} person with:
1,000 sUSD will get 1 entry1,800 sUSD will nonetheless get 1 entry10,000 sUSD will get 10 entries1,000,000 sUSD will get 1,000 entries
How one 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.Deposit sUSD: Switch sUSD into your Infinex Account.Earn Rewards: OP rewards can 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 functions. 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.Â
Want extra data?Â
See Infinex Help for detailed directions on account creation and extra. For details about sUSD, see the Synthetix Docs. Don’t miss out, get began now.
