SNXweave Weekly Recap 189
July 9, 2025
The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week.
👉TLDR
- OP rewards are back for sUSD depositors on Infinex: 12,000 OP/week up for grabs
- Deposit 1,000 sUSD or more by August 15 to qualify for weekly yield and raffle prizes
- 5 lucky winners every week: Prizes include ETH, SNX, and Patron status
- Mainnet Phase 0 is almost here!
Spartan Council and SIP updates
SNXweave will be publishing the Quarterly Report shortly, so we’ve got a quick update for you guys today. As we approach the launch of Synthetix Mainnet Phase 0, another round of rewards is going live for sUSD depositors on Infinex. If you missed the last campaign, or if you’re just now getting involved, you’re right on time.
Starting July 4th, users who deposit at least 1,000 sUSD into their Infinex account will start earning a share of 12,000 OP tokens distributed weekly. That means rewards accrue continuously, with new payouts each week — and you don’t need to do anything else after depositing.
For those already deposited: congrats, you’re still earning. For everyone else, the door is wide open until August 15th.
So what kind of returns are we talking about? As always, yields will scale based on total deposits. If there’s 3 million sUSD in the pool, that’s roughly 12% APR. If it hits 5 million, it’s around 7% APR. The Infinex TVL dashboard will be your best friend here if you want to keep tabs on live numbers.
And it gets better! Each week includes a raffle draw with 5 prize winners:
- First place: 1 Patron
- Second place: 1 Patron
- Third place: 1 ETH
- Fourth place: 2,000 SNX
- Fifth place: 1,000 SNX
You’ll receive one entry for every 1,000 sUSD that you hold on Infinex. So if you have 10,000 sUSD, that’s 10 entries, and if you have 1M sUSD, that’s 1,000 entries!
Whether you’re yield farming or trying for a shot at that ETH prize, participation is simple:
- Create or log into your Infinex account
- Deposit sUSD (on Ethereum or Optimism, or Swidge from any asset)
- That’s it! You’ll earn OP weekly and auto-enter the raffle
If this is your first time using Infinex, it’s worth checking out Infinex Connect, the new feature that we’ve previously discussed that makes on-chain interaction feel seamless. From the “Apps” page, you can supply/borrow on Aave, stake SNX/sUSD in the 420 Pool, and more — all without switching wallets or navigating multiple dApps.
This is all happening in the lead-up to something much bigger: the Phase 0 launch of Synthetix Mainnet. Momentum is building fast, and these campaigns are just the beginning. If you’ve been waiting to get involved, now’s the time!
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