Infinex extend sUSD deposit rewards 8 weeks — 10,000 SNX every week + ETH, INX, SNX raffles
Infinex and Synthetix don extend di sUSD deposit incentive program for extra eight weeks, from March 13, 2026 reach May 8, 2026. Eligible users wey get at least 1,000 sUSD for di last day of each week go share pro‑rata weekly rewards pool of 10,000 SNX; rewards dey accrue continuously and dem go distribute am weekly. Plus, Synthetix go run weekly raffle with five prizes (1st — 1 ETH; 2nd & 3rd — 100,000 INX each; 4th — 2,000 SNX; 5th — 1,000 SNX). Raffle entries dey give one entry per 1,000 sUSD wey person hold. Deposits fit dey made on Ethereum Mainnet or Optimism, and users fit swap other assets into sUSD via Infinex. Di announcement still remind say Infinex na non‑custodial on‑chain smart account model and Synthetix na decentralized perpetuals protocol wey dey return liquidity to Ethereum. Traders suppose note say di extension fit temporarily boost demand for sUSD and SNX, that weekly distributions create predictable short‑term flows, and yields go vary with total sUSD TVL and SNX price — monitor di Infinex TVL dashboard and SNX markets to estimate effective yields and manage exposure till May 8, 2026.
Bullish
Extension na of di sUSD deposit rewards program fit likely make SNX go up (and e support sUSD) for short to medium term. Direct demand mechanics: dem dey distribute 10,000 SNX every week to people wey deposit, plus one high‑value raffle wey dey give big prizes — these things dey make people wan buy and hold sUSD deposits for Infinex, reduce how much SNX dey available for spot market as people claim and maybe sell the rewards, and e go increase sUSD TVL. Short-term effects include steady inflows to sUSD and upward pressure on SNX price as demand for rewards concentrate and some participants dey accumulate SNX instead of selling straight away. The raffle (big INX and ETH prizes) fit attract more depositors and amplify flows. But how strong e go be depend on program participation, whether SNX recipients go sell, and general market conditions. Longer term, e no sure: once the program end (May 8, 2026), the demand wey incentives create fit unwind and cause selling pressure if recipients exit positions, fit cool down gains. Traders suppose dey watch TVL, SNX spot flows, on‑chain claims, and whether treasury or market makers dey give offsets. Net impact while the program dey run likely bullish for SNX; after the program risk fit be neutral to bearish if big sell‑offs happen.