Original | Odaily Planet Daily (@OdailyChina)
Author | Nan Zhi (@Assassin_Malvo)
On May 16, Infinex announced the launch of Yaprun Season 1 and distributed $600,000 worth of µPatrons rewards to users from Season 0. At the same time, Infinex stated that the Yaprun activities from Seasons 0-3 and the Kaito community will distribute a total of $6 million worth of µPatrons.
Infinex's total funding has reached $67.7 million, and the public airdrop incentive activity can be seen as a precursor to the TGE. Therefore, this article from Odaily Planet Daily will summarize Infinex's business, background, and current interactive content.
Business Analysis
According to the official definition, Infinex is a "new type of Crypto application designed for humanity." Specifically, its business is closer to "chain abstraction," where a series of complex concepts such as wallet addresses, cross-chain bridging, mnemonic phrases, and gas fees will be abstracted out. Users do not need to master or even know these concepts to seamlessly access more DeFi-like applications, just like using CeFi products.
Currently, the implemented applications include cross-chain exchanges (Swidge) and some seamless DeFi applications. For example, users can quickly exchange USDC on the Arbitrum chain for SUSDE on the Solana chain and automatically enter the Ethena ecosystem to earn interest.
Project Financing
Infinex was founded by Kain Warwick, the founder of Synthetix, and raised $67.7 million through NFT sales in September 2024. Public buyers include institutions such as Wintermute and Solana Ventures, as well as industry figures like Solana founder Anatoly Yakovenko and Aave founder Stani Kulechov.
Project NFT Infinex Patrons
Infinex sold a total of 43,244 NFTs called Infinex Patrons for financing, out of a total of 100,000. However, the current floor price of this NFT is 2.42 ETH, worth about $6,600, which means the total market value of the NFTs has reached $660 million.
Recently, the new coin market has been relatively bleak compared to previous years, and even new projects listed on Binance often have a circulating market value of only tens of millions of dollars. Therefore, the current price of this NFT does not have purchasing value, and it is more recommended for users to obtain the remaining unsold NFTs through other channels.
Yaprun
As mentioned earlier, Infinex airdropped $600,000 worth of µPatrons rewards to users from Season 0 of Yaprun. Here, µPatrons refers to the smallest unit of Infinex Patrons, with the incentive value converted from the value of the NFT, where 1 µPatron is equivalent to one-millionth of a Patron NFT. However, it should be noted that µPatron is currently not redeemable, and its realizable value may need to wait for TGE confirmation.
The total incentive value of Yaprun is $6 million, with Season 0 accounting for 10%, while the ongoing Season 1 accounts for 15%. The subsequent two seasons will account for 25% and 30%, respectively, with the remaining 20% allocated to the Kaito community, including Genesis NFT holders and Kaito stakers.
Cross-Chain Exchange Swidge and Seamless DeFi
Swidge is very simple, allowing direct cross-chain exchange of tokens from Chain A to Chain B, currently supporting 12 chains.
In addition to cross-chain exchanges, Swidge is currently also a hidden "money-making" tool, as withdrawals from Infinex incur no fees (including network fees). Therefore, users can withdraw funds from low-cost chains, exchange them for tokens on other chains, and then transfer them out of Infinex.
For example, transferring USDT from Binance to the Ethereum mainnet requires a fee of 3 USDT, while transferring from Binance to Polygon only requires a fee of 0.02 USDT. Then, exchanging USDT to the Ethereum mainnet via Infinex costs about 0.4 USDT, resulting in a total free withdrawal cost of only 0.42 USDT, far lower than the 3 USDT fee for direct withdrawal from the exchange.
Users are advised to combine this with other projects that require fund circulation to reduce costs while achieving "multiple benefits from one fish."
Earning Module Earn
In addition to the cross-chain exchange Swidge, another currently usable module in Infinex is Earn, where users can withdraw assets from external sources to Infinex or swap corresponding assets internally, such as JUPSOL, JITOSOL, etc., which will automatically enter the earning phase.
However, it should be noted that neither Swidge nor Earn has clear points or other incentive methods, and it is unknown whether they count towards airdrop assessments, but users are advised to interact regularly.
Prediction Game Bullrun
In addition to Yaprun, the only part of Infinex with clear points is the prediction game Bullrun. To participate in the game, users need to deposit assets worth over $250 into Infinex. After depositing, every day they can receive one card pack, which can contain cards representing 30 different cryptocurrencies such as BTC, ETH, and SOL.
A new round of the game starts every day at 08:00 (UTC+8) and lasts for 24 hours. Users can choose 5 cards the day before and predict that the tokens corresponding to these 5 cards will rise. For every 1% increase, they earn 100 points, and for every 1% decrease, they lose 100 points. Each round allows a maximum of two identical cards, with the second card's point earnings reduced by 50%, meaning all-in operations on a single token are not allowed.
At the same time, users can perform a card lock operation during the round, which stops the score changes of a certain token, allowing them to lock in points at a high point. For example, if BTC is priced at $100,000 at 08:00, and rises to $101,000 by 12:00, you temporarily gain 100 points. If you choose to lock the card at this point, you secure the 100 points for that day, and subsequent price changes do not affect you. If the next day it drops back to $100,000, users who did not lock their cards will not earn points, while you remain fixed at 100 points, and vice versa.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
