Synthetix Rewards sUSD Deposits in the Infinex App
Synthetix and Infinex are delivering big opportunities for sUSD holders. Starting January 16, 2025, sUSD yield farmers can earn rewards just for depositing sUSD on Infinex. SNX stakers and other sUSD holders can enjoy 6 weeks of rewards with a velvety smooth experience in the Infinex app.
Here’s what you need to know.
Earning Rewards
From January 16, 2025, at 00:01 UTC, for a duration of six weeks, sUSD depositors on Infinex will earn rewards every week:
- 5,000 OP tokens
- 5,000 SNX tokens
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 $1M in total deposits: 91% APR
- At $2M in total deposits: 45.5% APR
- At $5M in total deposits: 18.2% APR
You can follow current deposits on the Infinex TVL dashboard. If total deposits exceed $5M, the rewards pool may be increased at the discretion of the Synthetix Treasury.
Weekly Patron Giveaway
In addition to token rewards, Synthetix is introducing an exclusive perk for active Infinex users. Each week, one random user with at least $1,000 in sUSD deposits will receive an unlocked Patron NFT in their Infinex account.
Note: Sybil attacks will be monitored and disqualified to ensure a fair chance for all participants.
Getting Started
Getting started is easy. Follow these steps to begin earning rewards:
- Create an Infinex Account: Head to Infinex to create your account or login.
- Deposit sUSD: Transfer sUSD into your Infinex account.
- Earn Rewards: Claim your rewards each week.
Need more info? See Infinex Support for detailed instructions on account creation and more. For information about sUSD, see the Synthetix Docs. These rewards won’t last forever, so get started today.