Synthetix & Infinex announce an SNX deposit campaign in anticipation of the launch of SNX staking
Infinex users who hold SNX (deposit or swidge) on from April 7th, 2025 will be eligible to earn SNX rewards and will be in the running for weekly prizes, including Patrons. This campaign is launched in preparation for SNX staking, which will soon be available in the Infinex ‘Earn’ page, Synthetix is partnering with Infinex to reward SNX holders. For now, all you need to do is deposit or swidge, and hodl SNX with Infinex.
How to Participate
From April 7th, 2025, at 00:01 UTC, for six weeks, SNX holders on Infinex will earn a pro-rata share of 10,000 SNX tokens every week. Rewards accrue continuously and are distributed weekly.
SNX Rewards
Yields will vary based on the total value of SNX deposits, but we’ve put together some convenient estimates for depositors:
- At 1M SNX in total deposits: 52% APR
- At 2M in total deposits: 26% APR
- At 5M in total deposits: 10% APR
You can follow current deposits on the Infinex TVL dashboard.
In order to qualify for an SNX distribution, Infinex users must hold a minimum of 500 SNX on the last day of the week (Sunday 11.59pm UTC)
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 500 SNX on their Infinex account, meaning that a user with:
- 500 SNX will get 1 entry
- 1,000 SNX will get 2 entries
- 1,200 SNX will still get 2 entries
- 10,000 SNX will get 20 entries
- 500,000 SNX 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.
- Hold SNX: Deposit or swidge SNX into your Infinex Account.
- Earn Rewards: SNX rewards will be sent to your Infinex Account each week.
About Synthetix
Founded by Kain Warwick in 2017, Synthetix is a DeFI powerhouse; a decentralized liquidity and derivatives protocol that powers onchain trading of synthetic assets. SNX 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 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 Synthetix and SNX, read the latest reports from Messari. Don’t miss out, get started now.
