rewrite this title Synthetix Extends Infinex Rewards for sUSD Deposits

Synthetix is keeping the sUSD rewards program on Infinex for another 6 weeks! Yield farmers who deposit sUSD on Infinex from February 27, 2025, onwards will be eligible to earn rewards and may also win prizes. This is the second phase of the rewards program, and it has a new structure.

How to Participate

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 every week. Rewards accrue continuously and are distributed weekly. Yields will vary based on the total value of sUSD deposits, but we’ve put together some convenient estimates for depositors:

At $2M in total deposits: 28.6% APRAt $3M in total deposits: 19% APRAt $5M in total deposits: 11.4% APR

You can follow current deposits on the Infinex TVL dashboard. 

In order to qualify for an OP distribution, Infinex users must hold a minimum of 1,000 sUSD deposit on the last day of the week.

Weekly Prize Raffle

Additionally, every week Synthetix will draw 3 prize winners who will receive the following prizes:

1st winner – 1x Patron2nd winner – 1 ETH3rd winner – 1,000 SNX

Participants will receive one raffle entry per each 1,000 sUSD on their Infinex account, meaning that a user with:

1,000 sUSD will get 1 entry1,800 sUSD will still get 1 entry10,000 sUSD will get 10 entries1,000,000 sUSD will get 1,000 entries

How to Join

Getting started is easy. Follow these steps to begin earning rewards:

Create an Infinex Account: Head to Infinex.xyz to create your account or log in.Deposit sUSD: Transfer sUSD into your Infinex Account.Earn Rewards: OP rewards will be sent to your Infinex Account each week.

About Infinex

Infinex is a new kind of crypto app that provides access to onchain protocols, services, and applications. It is non-custodial, using a novel security architecture centred around onchain smart accounts and passkeys. Infinex is designed to replace centralized platforms as the primary point of interaction for crypto users. 

Need more info? 

See Infinex Support for detailed instructions on account creation and more. For information about sUSD, see the Synthetix Docs. Don’t miss out, get started now.