Subscribe to Mode
>16K subscribers
Share Dialog
Share Dialog
As Mode moves into the next phase of our growth journey by expanding support for yield bearing Liquid Staking and Restaking assets we are updating the airdrop campaign to encourage a more efficient ecosystem for these assets.
New assets added to Mode points campaign:
ezETH - Renzo Restaked ETH - 1.2x points (multiplier is given for assets when held in a wallet, when added to protocols the standard 1x multiplier is given)
Additional assets will be added in the coming days/weeks and multipliers will be confirmed on the Mode airdrop page
Multipliers for assets in applications:
Lending protocols - 2x pointsDEX LP positions - 3x points
These updates are designed to bring LST/LRTs to Mode and enable liquid markets for these assets. These updates will be effective from Thursday 13th March at 12.01am UTC.
The first LRT asset to be supported on Mode is ezETH (Renzo Restaked ETH)
Renzo is a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer. It is the interface to the EigenLayer ecosystem securing Actively Validated Services (AVSs) and offering a higher yield than ETH staking.
The Renzo protocol enables this by abstracting away all complexity from the end-user and enables easy collaboration between users and EigenLayer node operators.
Users that hold ezETH on Mode get ETH Staking APR + Restaking APR + Eigenlayer Points + Renzo points + Mode Points
You can mint ezETH natively on Mode by visiting Renzo’s website and selecting Mode as the network https://www.renzoprotocol.com/
A number of new money markets and asset integrations have launched on Mode that enable users to utilize ETH and LST/LRT tokens.
Ionic - integration of ezETH into the money market. https://www.ionic.money/
Layerbank - integration of ezETH into lending and borrowing. https://mode.layerbank.finance/
Sturdy - ezETH integrated into lending and borrowing https://sturdy.finance
Mode is determined to make our ecosystem the best place to earn sustainable yield and we are certain these updates will help us achieve this goal. This is the beginning of our journey into building new economic systems for growth backed by industry leading assets. Join the Mode Madness Airdrop campaign here www.app.mode.network
As Mode moves into the next phase of our growth journey by expanding support for yield bearing Liquid Staking and Restaking assets we are updating the airdrop campaign to encourage a more efficient ecosystem for these assets.
New assets added to Mode points campaign:
ezETH - Renzo Restaked ETH - 1.2x points (multiplier is given for assets when held in a wallet, when added to protocols the standard 1x multiplier is given)
Additional assets will be added in the coming days/weeks and multipliers will be confirmed on the Mode airdrop page
Multipliers for assets in applications:
Lending protocols - 2x pointsDEX LP positions - 3x points
These updates are designed to bring LST/LRTs to Mode and enable liquid markets for these assets. These updates will be effective from Thursday 13th March at 12.01am UTC.
The first LRT asset to be supported on Mode is ezETH (Renzo Restaked ETH)
Renzo is a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer. It is the interface to the EigenLayer ecosystem securing Actively Validated Services (AVSs) and offering a higher yield than ETH staking.
The Renzo protocol enables this by abstracting away all complexity from the end-user and enables easy collaboration between users and EigenLayer node operators.
Users that hold ezETH on Mode get ETH Staking APR + Restaking APR + Eigenlayer Points + Renzo points + Mode Points
You can mint ezETH natively on Mode by visiting Renzo’s website and selecting Mode as the network https://www.renzoprotocol.com/
A number of new money markets and asset integrations have launched on Mode that enable users to utilize ETH and LST/LRT tokens.
Ionic - integration of ezETH into the money market. https://www.ionic.money/
Layerbank - integration of ezETH into lending and borrowing. https://mode.layerbank.finance/
Sturdy - ezETH integrated into lending and borrowing https://sturdy.finance
Mode is determined to make our ecosystem the best place to earn sustainable yield and we are certain these updates will help us achieve this goal. This is the beginning of our journey into building new economic systems for growth backed by industry leading assets. Join the Mode Madness Airdrop campaign here www.app.mode.network
ModeIntroducing Season 3: veMODE + $2m in OP incentives
TLDR: Mode is launching veMODE and becoming the first L2 to implement a vote escrow model for the distribution of incentives to ecosystem protocols. veMODE is an upgrade to the current MODE staking module. Stakers will be rewarded for upgrading their staked MODE balance in order to take part in this new system. OP rewards start accruing immediately upon upgrade, claimable after successful voting participation.Key benefits:Staking to veMODE enables users to continue to earn OP and vote for the...
ModeShutterized Mode Testnet - Navigating Towards Comprehensive MEV Awareness
Mode is proud to partner with Shutter to announce the impending launch of the Shutterized Mode testnet. Slated for release in the next three weeks, this initiative marks a crucial advance towards a fully MEV-aware Mode ecosystem. Our collaboration signifies not just technological integration but a shared vision for a network that is safer, more resistant to censorship, and protected against front-running—all while maintaining a stance of neutrality at the base layer.The Encrypted Mempool: A C...
ModeIntroducing Season 4: The Agentic Economy
TLDRUp to 2M in OP incentives are available in Season 4 for veMODE holders to direct to ecosystem protocols.Stake Mode to earn OP and ecosystem bribesVoting power carries over from Season 3 to Season 4.Bribe Marketplace: Protocols can tap Hidden Hand to offer bribes, streamlining distribution and boosting user engagement.Greater Protocol Transparency: Protocols must provide more insight into their distribution of incentives to remain gauge-eligible.Onchain Activity: OP rewards aim to fuel tan...
ModeIntroducing Season 3: veMODE + $2m in OP incentives
TLDR: Mode is launching veMODE and becoming the first L2 to implement a vote escrow model for the distribution of incentives to ecosystem protocols. veMODE is an upgrade to the current MODE staking module. Stakers will be rewarded for upgrading their staked MODE balance in order to take part in this new system. OP rewards start accruing immediately upon upgrade, claimable after successful voting participation.Key benefits:Staking to veMODE enables users to continue to earn OP and vote for the...
ModeShutterized Mode Testnet - Navigating Towards Comprehensive MEV Awareness
Mode is proud to partner with Shutter to announce the impending launch of the Shutterized Mode testnet. Slated for release in the next three weeks, this initiative marks a crucial advance towards a fully MEV-aware Mode ecosystem. Our collaboration signifies not just technological integration but a shared vision for a network that is safer, more resistant to censorship, and protected against front-running—all while maintaining a stance of neutrality at the base layer.The Encrypted Mempool: A C...
ModeIntroducing Season 4: The Agentic Economy
TLDRUp to 2M in OP incentives are available in Season 4 for veMODE holders to direct to ecosystem protocols.Stake Mode to earn OP and ecosystem bribesVoting power carries over from Season 3 to Season 4.Bribe Marketplace: Protocols can tap Hidden Hand to offer bribes, streamlining distribution and boosting user engagement.Greater Protocol Transparency: Protocols must provide more insight into their distribution of incentives to remain gauge-eligible.Onchain Activity: OP rewards aim to fuel tan...
No comments yet