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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...
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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...
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In a significant move towards enhancing the DeFi landscape on Layer 2s, Mode is proud to announce our partnership with Ethena. This collaboration is set to introduce mechanisms for yield on USDC and USDT stablecoins on Mode, marking a pivotal step in our mission to build new economic mechanisms for growth.
Ethena is defining a new stablecoin mechanism by enabling users to deposit USD, Ethereum, or Liquid Staking Tokens (LSTs) as collateral to create USDe. This innovative approach ensures stability through a delta-neutral hedging process across both centralised and soon decentralised exchanges.
The collateral is securely kept in institutional custody solutions, balanced by a corresponding short position for delta-neutral collateralisation. USDe emerges as the first crypto-native, scalable, and stable asset with returns derived from Ethereum's economic staking activity and the futures markets.
The collaboration between Mode and Ethena represents more than a paper partnership—it's a symbiotic relationship aimed at revolutionising the way yield-bearing stablecoins operate within the Ethereum ecosystem.
Our decision to initially partner with Ethena stems from our admiration of their rapid growth and innovative stablecoin mechanism. In just over a month since their private mainnet release, Ethena has achieved a remarkable $130 million in Total Value Locked (TVL) before being open for public participation.
Their upcoming public launch is set to attract a significant user base, making them an ideal long-term partner for Mode's Yield product.
Currently, our Mode’s Yield products are undergoing rigorous testing. We plan to integrate Ethena as part of our Phase 2 mainnet launch, expected late Q1.
The yield from Ethenea will power Mode’s smart treasury and other onchain products. This will enable developers to offer higher yields to application users, enhancing the overall DeFi experience on our platform.
As a Modular DeFi Layer 2 backed by Optimism, we are committed to building new economic systems for growth. With both our upcoming public mainnet and native DeFi ecosystem launch, we are edging towards our mission to become the DeFi hub of Optimism's Superchain. Adding in our Native Yield product in Phase 2 brings us closer to that mission. We will continuously test and implement new economic systems for growth.
In a significant move towards enhancing the DeFi landscape on Layer 2s, Mode is proud to announce our partnership with Ethena. This collaboration is set to introduce mechanisms for yield on USDC and USDT stablecoins on Mode, marking a pivotal step in our mission to build new economic mechanisms for growth.
Ethena is defining a new stablecoin mechanism by enabling users to deposit USD, Ethereum, or Liquid Staking Tokens (LSTs) as collateral to create USDe. This innovative approach ensures stability through a delta-neutral hedging process across both centralised and soon decentralised exchanges.
The collateral is securely kept in institutional custody solutions, balanced by a corresponding short position for delta-neutral collateralisation. USDe emerges as the first crypto-native, scalable, and stable asset with returns derived from Ethereum's economic staking activity and the futures markets.
The collaboration between Mode and Ethena represents more than a paper partnership—it's a symbiotic relationship aimed at revolutionising the way yield-bearing stablecoins operate within the Ethereum ecosystem.
Our decision to initially partner with Ethena stems from our admiration of their rapid growth and innovative stablecoin mechanism. In just over a month since their private mainnet release, Ethena has achieved a remarkable $130 million in Total Value Locked (TVL) before being open for public participation.
Their upcoming public launch is set to attract a significant user base, making them an ideal long-term partner for Mode's Yield product.
Currently, our Mode’s Yield products are undergoing rigorous testing. We plan to integrate Ethena as part of our Phase 2 mainnet launch, expected late Q1.
The yield from Ethenea will power Mode’s smart treasury and other onchain products. This will enable developers to offer higher yields to application users, enhancing the overall DeFi experience on our platform.
As a Modular DeFi Layer 2 backed by Optimism, we are committed to building new economic systems for growth. With both our upcoming public mainnet and native DeFi ecosystem launch, we are edging towards our mission to become the DeFi hub of Optimism's Superchain. Adding in our Native Yield product in Phase 2 brings us closer to that mission. We will continuously test and implement new economic systems for growth.
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