July 9, 2025
The next put up incorporates a recap of stories, initiatives, and essential updates from the Spartan Council and Core Contributors from final week.
👉Tldr
- OP rewards are again for sUSD depositors on Infinex: 12,000 OP/week up for grabs
- Deposit 1,000 sUSD or extra by August 15 to qualify for weekly yield and raffle prizes
- 5 fortunate winners each week: Prizes embody ETH, SNX, and Patron standing
- Mainnet Section 0 is nearly right here!
Spartan Council and SIP updates
SNXweave shall be publishing the Quarterly Report shortly, so we’ve bought a fast replace for you guys right this moment. As we method the launch of Synthetix Mainnet Section 0, one other spherical of rewards goes reside for sUSD depositors on Infinex. In the event you missed the final marketing campaign, or should you’re simply now getting concerned, you’re proper on time.
Beginning July 4th, customers who deposit at the very least 1,000 sUSD into their Infinex account will begin incomes a share of 12,000 OP tokens distributed weekly. Which means rewards accrue constantly, with new payouts every week — and also you don’t must do the rest after depositing.
For these already deposited: congrats, you’re nonetheless incomes. For everybody else, the door is huge open till August fifteenth.
So what sort of returns are we speaking about? As at all times, yields will scale based mostly on whole deposits. If there’s 3 million sUSD within the pool, that’s roughly 12% APR. If it hits 5 million, it’s round 7% APR. The Infinex TVL dashboard shall be your finest buddy right here if you wish to preserve tabs on reside numbers.
And it will get higher! Every week features 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 obtain one entry for each 1,000 sUSD that you simply maintain on Infinex. So you probably have 10,000 sUSD, that’s 10 entries, and you probably have 1M sUSD, that’s 1,000 entries!
Whether or not you’re yield farming or attempting for a shot at that ETH prize, participation is easy:
- 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 that is your first time utilizing Infinex, it’s price trying out Infinex Join, the brand new characteristic that we’ve beforehand mentioned that makes on-chain interplay really feel seamless. From the “Apps” web page, you possibly can provide/borrow on Aave, stake SNX/sUSD within the 420 Pool, and extra — all with out switching wallets or navigating a number of dApps.
That is all taking place within the lead-up to one thing a lot greater: the Section 0 launch of Synthetix Mainnet. Momentum is constructing quick, and these campaigns are just the start. In the event you’ve been ready to become involved, now’s the time!
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