July 9, 2025
The next put up accommodates a recap of stories, initiatives, and necessary 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 grabsDeposit 1,000 sUSD or extra by August 15 to qualify for weekly yield and raffle prizes5 fortunate winners each week: Prizes embrace ETH, SNX, and Patron statusMainnet Section 0 is sort of 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 at present. As we method the launch of Synthetix Mainnet Section 0, one other spherical of rewards goes reside for sUSD depositors on Infinex. Should 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 no less than 1,000 sUSD into their Infinex account will begin incomes a share of 12,000 OP tokens distributed weekly. Which means rewards accrue repeatedly, with new payouts every week — and also you don’t must do anything after depositing.
For these already deposited: congrats, you’re nonetheless incomes. For everybody else, the door is broad open till August fifteenth.
So what sort of returns are we speaking about? As all the time, yields will scale based mostly on complete 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 greatest good friend right here if you wish to hold tabs on reside numbers.
And it will get higher! Every week features a raffle draw with 5 prize winners:
First place: 1 PatronSecond place: 1 PatronThird place: 1 ETHFourth place: 2,000 SNXFifth place: 1,000 SNX
You’ll obtain one entry for each 1,000 sUSD that you just maintain on Infinex. So when you’ve got 10,000 sUSD, that’s 10 entries, and when you’ve got 1M sUSD, that’s 1,000 entries!
Whether or not you’re yield farming or making an attempt for a shot at that ETH prize, participation is straightforward:
Create or log into your Infinex accountDeposit 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 value trying out Infinex Join, the brand new function that we’ve beforehand mentioned that makes on-chain interplay really feel seamless. From the “Apps” web page, you may 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 larger: the Section 0 launch of Synthetix Mainnet. Momentum is constructing quick, and these campaigns are just the start. Should you’ve been ready to become involved, now’s the time!
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