Synthetix and Infinex are delivering large alternatives for sUSD holders. Beginning January 16, 2025, sUSD yield farmers can earn rewards only for depositing sUSD on Infinex. SNX stakers and different sUSD holders can get pleasure from 6 weeks of rewards with a velvety clean expertise within the Infinex app.
Right here’s what it is advisable to know.
Incomes Rewards
From January 16, 2025, at 00:01 UTC, for a period of six weeks, sUSD depositors on Infinex will earn rewards each week:
- 5,000 OP tokens
- 5,000 SNX tokens
Rewards accrue repeatedly and are distributed weekly. Yields will range based mostly on the entire worth of sUSD deposits, however we’ve put collectively some handy estimates for depositors:
- At $1M in complete deposits: 91% APR
- At $2M in complete deposits: 45.5% APR
- At $5M in complete deposits: 18.2% APR
You’ll be able to comply with present deposits on the Infinex TVL dashboard. If complete deposits exceed $5M, the rewards pool could also be elevated on the discretion of the Synthetix Treasury.
Weekly Patron Giveaway
Along with token rewards, Synthetix is introducing an unique perk for lively Infinex customers. Every week, one random person with no less than $1,000 in sUSD deposits will obtain an unlocked Patron NFT of their Infinex account.
Word: Sybil assaults might be monitored and disqualified to make sure a good likelihood for all individuals.
Getting Began
Getting began is straightforward. Comply with these steps to start incomes rewards:
- Create an Infinex Account: Head to Infinex to create your account or login.
- Deposit sUSD: Switch sUSD into your Infinex account.
- Earn Rewards: Declare your rewards every week.
Want extra data? See Infinex Help for detailed directions on account creation and extra. For details about sUSD, see the Synthetix Docs. These rewards gained’t final ceaselessly, so get began at this time.
