rewrite this title SNXweave Weekly Recap 169

February 19, 2025

The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week.

👉TLDR

Base LP Incentives EXTENDED: Rewards for liquidity providers on Base have been extended by another 4 weeks. Split into 2 phases, see below for details.Synthetix Static aUSDC Liquidity Vault on Base: Enjoy Aave yield while earning fees from Synthetix Perps markets.“Watch” feature on Synthetix Exchange: Track Synthetix Leverage strategies in real-time. See below for instructions.Reminder about ongoing rewards programs:Synthetix Leveraged Token Rally: 1 week remaining! Traders can get their share of OP and USDC tokens by minting Synthetix Leveraged Tokens on either OP or Base.Rewards for sUSD depositors on Infinex: 2 weeks remaining! 10,000 SNX and 10,000 OP being distributed weekly, along with a random Patron NFT drawing. To enter, deposit $1,000 or more sUSD into your Infinex account.

Spartan Council and SIP updates

First up, Synthetix has extended incentives for Base liquidity providers (LPs) by another four weeks, offering even more opportunities for LPs to earn while traders enjoy deeper market liquidity. These additional weeks have been split into two phases:

Phase 1: February 11 — February 25. For the first two weeks, rewards apply to the entire vault (USDC + stataUSDC LPs).Phase 2: February 25 — March 11. For the last two weeks, rewards apply only to stataUSDC LPs.

LPs can now earn a pro-rata share of 15,000 SNX and 15,000 USDC every week. Over the course of the four weeks, a total of 60,000 SNX and 60,000 USDC will be distributed, giving stataUSDC LPs a unique opportunity to stack yield from Aave-staked USDC on top of trading fees and the rewards from Synthetix.

To become a liquidity provider all you have to do is:

Deposit USDC or stataUSDC on the Synthetix Liquidity App.Watch your rewards accrue every block and claim at any time via the app.

Next, do you want to enjoy Aave yield while earning fees from Synthetix Perps markets? You can with the Synthetix Static aUSDC Liquidity Vault on Base!

Static aUSDC vault combines two yield streams:

Lending fees from AaveTrading rewards from Synthetix Perps

The Vault accepts two token types:

All deposits are wrapped into Static aUSDC — a non-rebasing version of Aave’s aUSDC that efficiently compounds yield. Deposit liquidity to Static aUSDC Vault now and start stacking yield — all hassle-free, while staying in control of your assets.

Lastly, did you know you can track Synthetix Leverage strategies in real-time using the “Watch” feature on Synthetix Exchange? Synthetix Leverage offers tokenized Perps strategies, like 3x long or short tokens. Each strategy rebalances to maintain target leverage. Watch mode on Synthetix Exchange lets you monitor these vaults to see the TVL and exposure of each strategy, and the movements of traders in and out.

In order to Watch a Synthetix Leverage strategy, you would simply:

Visit the leveraged token page of your choosing (for example, ETH 3x Long).Click the contract address to open Basescan & copy it.Go to https://exchange.synthetix.io, click Connect > Watch, and paste the contract address.Once you’re watching an address, you can share it by hitting the “copy” icon.

And now you can watch vaults, or any public address, and share it with your friends!

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