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...
Mode L2 scales DeFi to billions of users through onchain agents and AI-powered financial applications. Mode is building the AIFi economy.
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...
Mode L2 scales DeFi to billions of users through onchain agents and AI-powered financial applications. Mode is building the AIFi economy.
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Today, Mode unveils DevDrop 1, an innovative competition designed to empower developers to launch their Dapps and L3s on the Mode Network. This initiative aims to catalyze the growth of the Mode ecosystem by rewarding developers for their contributions with a share of up to 5% of the MODE token supply. Mode DevDrop 1 focuses on projects that drive real impact to the network.
Mode DevDrop 1 rewards developers driving impactful contributions to the Mode Network. This initiative offers developers a chance to share up to 5% of the MODE token supply or 500 million tokens. This opportunity is not just about rewards; it's a gateway to visibility, growth, and innovation for developers ready to make their mark.
At its heart, Mode DevDrop 1 is the competition to between projects to help grow Mode Network. On top of that, projects get exposure to 130,000 current users on Mode and amplification through all Mode related social and community channels.The competition is structured around Epochs, two-week periods during which developers showcase their project’s ability to contribute to the network's growth and user engagement. With a dynamic reward system that emphasizes both quantitative and qualitative contributions, each Epoch is a new battlefield for impact.
Success in Mode DevDrop 1 is quantified through our proprietary points system, where the rewards are proportionally distributed based on each project’s performance and overall impact during an Epoch. This ensures a fair and transparent mechanism that rewards genuine value addition to the Mode Network.
Types of Projects we are looking for:
LST/LRT – inventive new ways to implement staking and restaking protocols that drive liquidity and potentially tap into Eigen Layer’s points.
Decentralized Exchanges – a focus on new innovative DEXs that can drive volume and liquidity while using Mode's upcoming Native Yield.
Lending Protocols – innovative lending mechanisms that drive large liquidity for lending and borrowing while using Mode's upcoming Native Yield.
Perp DEXs – high performing DEXs that help bring deep liquidity to illiquid markets
SocialFi – exciting new social mediums where users contribute and own the network
Gaming and GambleFi – engaging and fun gaming products that utilize onchain infra.
NFTs -– interesting experimental NFT collections that go beyond 10k PFPs and drive utility to collectors
Infra – new wallets, anything improving user UX, growth tools for founders, trading bots, analytics and more.
Wildcard -- surprise us!
On top of Mode DevDrop 1. Projects get a plethora of benefits, including Sequencer Fee Sharing (SFS), which allows developers to earn from transaction fees on the network, as well as being able to tap into Optimism’s Retro PGF, a part of Optimism’s $1 billion grants program.
Are you ready to make an impact and compete for unparalleled rewards? Mode DevDrop 1 is your opportunity to showcase your Dapp or L3 solution, contribute to the Mode Network's growth and claim your share of the future.
Mode is the Modular DeFi Layer 2, committed to enabling new economic systems for growth, supported by a $7 million grant from Optimism and part of the Superchain.
Today, Mode unveils DevDrop 1, an innovative competition designed to empower developers to launch their Dapps and L3s on the Mode Network. This initiative aims to catalyze the growth of the Mode ecosystem by rewarding developers for their contributions with a share of up to 5% of the MODE token supply. Mode DevDrop 1 focuses on projects that drive real impact to the network.
Mode DevDrop 1 rewards developers driving impactful contributions to the Mode Network. This initiative offers developers a chance to share up to 5% of the MODE token supply or 500 million tokens. This opportunity is not just about rewards; it's a gateway to visibility, growth, and innovation for developers ready to make their mark.
At its heart, Mode DevDrop 1 is the competition to between projects to help grow Mode Network. On top of that, projects get exposure to 130,000 current users on Mode and amplification through all Mode related social and community channels.The competition is structured around Epochs, two-week periods during which developers showcase their project’s ability to contribute to the network's growth and user engagement. With a dynamic reward system that emphasizes both quantitative and qualitative contributions, each Epoch is a new battlefield for impact.
Success in Mode DevDrop 1 is quantified through our proprietary points system, where the rewards are proportionally distributed based on each project’s performance and overall impact during an Epoch. This ensures a fair and transparent mechanism that rewards genuine value addition to the Mode Network.
Types of Projects we are looking for:
LST/LRT – inventive new ways to implement staking and restaking protocols that drive liquidity and potentially tap into Eigen Layer’s points.
Decentralized Exchanges – a focus on new innovative DEXs that can drive volume and liquidity while using Mode's upcoming Native Yield.
Lending Protocols – innovative lending mechanisms that drive large liquidity for lending and borrowing while using Mode's upcoming Native Yield.
Perp DEXs – high performing DEXs that help bring deep liquidity to illiquid markets
SocialFi – exciting new social mediums where users contribute and own the network
Gaming and GambleFi – engaging and fun gaming products that utilize onchain infra.
NFTs -– interesting experimental NFT collections that go beyond 10k PFPs and drive utility to collectors
Infra – new wallets, anything improving user UX, growth tools for founders, trading bots, analytics and more.
Wildcard -- surprise us!
On top of Mode DevDrop 1. Projects get a plethora of benefits, including Sequencer Fee Sharing (SFS), which allows developers to earn from transaction fees on the network, as well as being able to tap into Optimism’s Retro PGF, a part of Optimism’s $1 billion grants program.
Are you ready to make an impact and compete for unparalleled rewards? Mode DevDrop 1 is your opportunity to showcase your Dapp or L3 solution, contribute to the Mode Network's growth and claim your share of the future.
Mode is the Modular DeFi Layer 2, committed to enabling new economic systems for growth, supported by a $7 million grant from Optimism and part of the Superchain.
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