Project overview (TL;DR)

Infinex is an innovative DeFi platform led by Kain Warwick, the founder of Synthetix, launched in April 2024, aimed at challenging traditional centralized exchanges by providing CEX-level user experience while maintaining self-custody features. Currently, the TVL is $444.1M, achieving significant growth in just 8 months, and successfully raised $67.7M through Patron NFT sales.

📊 Project in-depth evaluation

1. Market performance and core metrics

Multi-chain distribution situation infinex.xyz:

  • Ethereum: $407.8M (91.8%)

  • Solana: $12.4M (2.8%)

  • Base: $9.7M (2.2%)

  • Arbitrum: $5.5M (1.2%)

  • Optimism: $5.4M (1.2%)

  • Other chains: <$2M

2. Technical features and product roadmap

Current features live:

  • Smart account wallet + on-chain recoverable vault

  • Swidge features: Gas-free swaps and cross-chain bridges across 12 EVM chains + Solana

  • Yield integration: Lido stETH, EigenLayer re-staking, JitoSOL, sDAI, etc.

  • Passkey login: Optional 2FA TOTP, recover via Google/Apple/EVM/Solana address

Upcoming (marked as 'coming soon/integration season'):

  • Spot order book trading, perpetual contracts, options

  • Collateral lending, fiat deposits, launchpad and activity mini-games infinex.xyz

Recent update: Announced HyperEVM chain support x.com to Patron holders in July 2025

3. Tokenomics and distribution mechanism

Current status: No functional token yet, economic incentives are realized through the Patron NFT collection (code: XPATRON)

Supply and distribution structure oakresearch:

  • 100,000 NFT hard cap

  • 43% to be publicly sold in September 2024

  • 20% team allocation (1 year lock-up + 24 months linear release)

  • 10% community rewards (about half already distributed)

  • 27% treasury reserve

Market Value:

  • Floor price: ≈ 1.25 ETH ($4,448)

  • Fully diluted NFT 'market cap': ≈ 125,000 ETH ($445M) coingecko

4. Team background and funding history

Core team:

  • Founder: Kain Warwick (Synthetix founder, TVL about $600M)

  • Product lead: Jed Watson

  • Governance structure: Six-member council (security, operations, treasury, traders, ecosystem, community) infinex.xyz

Investor lineup infinex.xyz:

  • Notable individuals: Vitalik Buterin, Anatoly Yakovenko, Jesse Pollak, Stani Kulechov

  • Institutional investors: Framework Ventures, Wormhole, Solana Ventures, Eden Block

5. Competitive analysis and risk assessment

Competitive advantages:

  • Founders have mature DeFi execution experience

  • Large strategic fund reserves ($65-70M) with no dilution

  • Smart account UX + Gas abstraction solves real entry pain points

  • Early audits and multi-chain support reduce technical risks

Main risks:

  • TVL is highly concentrated in Patron NFTs

  • No real-time trading engine yet, trading volume and fee income is zero

  • Governance tokens create expectations for future tokens, regulatory classification is unclear

🎯 Airdrop interaction tutorial

Current active reward programs

A. Yaprun multi-season airdrop (Infinex × Kaito)

Total prize pool: Equivalent to 1% of Patron supply, about $6M of µPatrons

  • Season 0: 100M µP (distributed, ~$600K)

  • Season 1: 150M µP (under review, ~$900K)

  • Season 2: 250M µP (coming soon, ~$1.5M)

  • Season 3: 300M µP (pending, ~$1.8M) infinex

B. Synthetix deposit activities

sUSD pool:

  • Rewards: 12,000 OP weekly + weekly lottery

  • Minimum requirement: 1,000 sUSD

  • End time: August 15, 2025

SNX pool:

  • Rewards: 10,000 SNX weekly + lottery

  • Minimum requirement: 500 SNX

  • Activity period: 6 weeks (starting April 7, 2025)

Detailed operation tutorial

Step 1: Create an Infinex account

  1. Visit infinex.xyz

  2. Login with Passkey (no mnemonic needed)

  3. Connect X (Twitter) account in settings → social media

Step 2: Participate in Yaprun airdrop

  1. Connect social accounts: Connect X account within the app

  2. Content creation: Release original Infinex-related content weekly

  3. Multiplier gain: Hold Patron NFT to earn score multipliers

  4. Referral rewards: Use referral link to invite friends and increase scores

  5. Track ranking: Monitor weekly leaderboard at infinex.xyz/yaprun

Step 3: Participate in deposit rewards

sUSD pool operation:

  1. Deposit or swap ≥ 1,000 sUSD

  2. Maintain balance until every Friday 23:59 UTC

  3. Rewards (12,000 OP proportional share) automatically deposited weekly

SNX pool operation:

  1. Deposit or swap ≥ 500 SNX

  2. Hold until Sunday 23:59 UTC

  3. Earn proportional share of 10,000 SNX + lottery opportunity

Step 4: Use platform core features

Swidge features blocmates:

  • Gas-free cross-chain swaps supporting 1000+ assets

  • Integrate Jupiter, LiFi, Relay, and Mayan

  • No external bridging, one-click completion

Staking yield:

  • Solana liquid staking: Up to 9% APY (jitoSOL)

  • Ethereum staking: Lido stETH, EigenLayer re-staking

  • Stablecoin yields like MakerDAO sDAI

Best practices for maximizing rewards

  1. Triple mining: Participate in Yaprun to earn µPatrons while maintaining sUSD and SNX deposits (earn OP and SNX)

  2. Use Swidge: Prioritize built-in cross-chain functionality over external bridging to add usage points for Yaprun scoring

  3. Hold Patron NFT: Hold at least one Patron NFT before the start of Q2, historical data shows multipliers can enhance ranking by 3-5 times

  4. High-quality content: Focus on original insights or Infinex usage tutorials, quality over quantity

  5. Kaito voting: Vote for Infinex weekly on Kaito, Genesis NFT holders receive guaranteed shares of 20% side pool

  6. Maintain minimum balance: Keep above minimum threshold at each snapshot to avoid missing weekly OP/SNX distributions

  7. Reinvestment yield: Reinvest weekly OP/SNX earnings into Infinex's liquid staking for compound growth

Reward structure overview

Investment advice and outlook

Investment highlights:

  • Founders have successful DeFi project experience (Synthetix $600M TVL)

  • Rapid growth to $444M TVL within 8 months

  • Innovative user experience addresses DeFi adoption barriers

  • Strong institutional investor support

Key catalysts:

  • Spot/perpetual trading module to launch in the second half of 2025

  • Capture intent-based order flow at the cross-chain wallet level

  • Integration of rapidly growing DeFi verticals like EigenLayer re-staking

By following the tutorials and best practices mentioned above, users can participate in three different reward streams while preparing for any future native $INFINEX token distribution.

Disclaimer: This tutorial is for educational purposes only and does not constitute investment advice.