Synthetix is maintaining the sUSD rewards program on Infinex for an additional 6 weeks! Yield farmers who deposit sUSD on Infinex from February 27, 2025, onwards will likely be eligible to earn rewards and can also win prizes. That is the second part of the rewards program, and it has a brand new construction.
Methods to 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 constantly and are distributed weekly. Yields will fluctuate based mostly on the overall worth of sUSD deposits, however we’ve put collectively some handy estimates for depositors:
At $2M in whole deposits: 28.6% APRAt $3M in whole deposits: 19% APRAt $5M in whole deposits: 11.4% APR
You’ll be able to observe present deposits on the Infinex TVL dashboard.Â
So as 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, that means {that a} consumer 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
Methods to Be a part of
Getting began is simple. Comply with 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 will likely be despatched to your Infinex Account every week.
About Infinex
Infinex is a brand new type 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 interchange centralized platforms as the first level of interplay for crypto customers.Â
Want extra information?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.
