Synthetix is conserving 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 can also win prizes. That is the second part of the rewards program, and it has a brand new construction.
How you 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 constantly 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 possibly can observe present deposits on the Infinex TVL dashboard.
With a view 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
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 entry1,800 sUSD will nonetheless get 1 entry10,000 sUSD will get 10 entries1,000,000 sUSD will get 1,000 entries
How you can Be part of
Getting began is simple. 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 will probably be despatched to your Infinex Account every week.
About Infinex
Infinex is a brand new sort of crypto app that gives entry to onchain protocols, companies, and functions. It’s non-custodial, utilizing a novel safety structure centred round onchain good accounts and passkeys. Infinex is designed to interchange centralized platforms as the first level of interplay for crypto customers.
Want extra information?
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.
