sUSD - 3rd Rewards Extension
Ding Ding Round 3: Synthetix is boosting the sUSD rewards program on Infinex, again!
Infinex users who deposit sUSD on from April 10th, 2025 will be eligible to earn rewards and will be in the running for other on-chain prizes. This is the third phase of the rewards program, and it is bigger than before.
How to Participate
From April 10th, 2025, at 00:01 UTC, for six weeks, sUSD depositors and holders on Infinex will earn a pro-rata share of 16,000 OP tokens every week. Rewards accrue continuously and are distributed weekly.
OP Rewards
Yields will vary based on the total value of sUSD deposits, but we’ve put together some convenient estimates for depositors:
- 5 million sUSD in total deposits: 10.0% APR
- At 8 million sUSD in total deposits: 6.2% APR
- At 10 million sUSD in total deposits: 5.0% 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 5 prize winners who will receive the following prizes:
- 1st winner - 1 x Patron
- 2nd winner - 1 x Patron
- 3rd winner - 1 ETH
- 4th winner - 2,000 SNX
- 5th 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 entry
- 1,800 sUSD will still get 1 entry
- 10,000 sUSD will get 10 entries
- 1,000,000 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.
Why is sUSD below sUSD?
The Synthetix Protocol is going through upgrades (SIP-420) that have resulted in some big movements in sUSD holdings. You can read more this here. But rest assured, sUSD is still a vital part of the Synthetix ecosystem, and continues to be supported as we look ahead (Just ask Kain).
About Synthetix
Synthetix is a decentralized liquidity and derivatives protocol that powers onchain trading of synthetic assets. It enables permissionless access to deep liquidity for assets on Ethereum, Base and Optimism. Synthetix allows protocols, developers and traders to leverage its smart contract infrastructure to create, trade, and manage synthetic positions with minimal slippage and high capital efficiency.
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.