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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...
Season 2 will conclude on the 18th of October.
Season 3 starts on the 18th of October and will run for approximately 3 months with real yield incentives of over $2m.
Users will have 30 days to claim tokens from Airdrop 2, and unclaimed tokens will be allocated to future rewards for users and developers on Mode.
User points from Airdrop 2 will be converted to MODE tokens and claimable on the 18th of October at claim.mode.network
The top 1,000 wallets by points will receive 50% of their MODE tokens on October 18th and 50% after 90 days.
There will be a minimum of 250 points required to qualify for the airdrop to reduce sybils.
Season 3 will introduce an upgraded staking module that will enable greater utility to $MODE. More details on this will be revealed on Wednesday 16th October.
Dear Mode Community,
Mode’s Airdrop 2 campaign will end on October 18th, marking the end of an exciting chapter.
Season 3 will begin immediately afterward, with the largest incentives yet powered by a new token model which will be revealed in the coming days.
Thanks to our incredible community of users and developers, Airdrop 2 has succeeded in taking Mode to its next phase of evolution:
$386 million in TVL
48 million onchain transactions
620,000 active wallets
100+ ecosystem integrations (Chainlink, Balancer, Velodrome,, Beefy, Allora and more).
Mode is now one of the largest L2 DeFi ecosystems and is on a mission to build the AIFi economy and onboard the next billion users. The core focus of Mode is to be a leader in:
Building the DeFi infrastructure of AI Agents and Applications
Mode AIFi Accelerator, focusing on AI and DeFi innovation
Phase 1 laid the foundation for scaling yield-bearing assets and DeFi applications securely. Now, in Phase 2, Mode will focus on AI-enabled infrastructure and interfaces to power the DeFi ecosystem.
DeFi adoption and growth has stagnated in recent years, hindered by complexity, inaccessibility, and a lack of fresh ideas. AI offers a solution; a way to simplify interactions, improve efficiency and drive both renewed innovation and participation in DeFi. We call this next chapter AIFi.
Learn more about AIFi here: Mode: Building The AIFi Economy
Season 3 will start immediately after Season 2 ends with the introduction of an upgraded staking module.
This new season will represent a shift in the utility of the MODE token. Season 3 is designed as a continuation and advancement of the game theory that underpins ve token models, originally pioneered by Curve, Solidly, Olympus and now Mode.
Season 3 will launch directly after Season 2, with $2 million in incentives to reward users for participation across ecosystem protocols.
In addition, this chain level development sets the stage for the participation of AI Agents which will be launched in the coming weeks and months.
About Mode
Mode is the Layer 2 (L2) building the AIFi economy. Mode’s mission is to scale DeFi to billions of users through onchain agents and AI-powered financial applications. Backed by a $6 million grant from Optimism, our mission is to build a more open, efficient, and inclusive financial future.
Season 2 will conclude on the 18th of October.
Season 3 starts on the 18th of October and will run for approximately 3 months with real yield incentives of over $2m.
Users will have 30 days to claim tokens from Airdrop 2, and unclaimed tokens will be allocated to future rewards for users and developers on Mode.
User points from Airdrop 2 will be converted to MODE tokens and claimable on the 18th of October at claim.mode.network
The top 1,000 wallets by points will receive 50% of their MODE tokens on October 18th and 50% after 90 days.
There will be a minimum of 250 points required to qualify for the airdrop to reduce sybils.
Season 3 will introduce an upgraded staking module that will enable greater utility to $MODE. More details on this will be revealed on Wednesday 16th October.
Dear Mode Community,
Mode’s Airdrop 2 campaign will end on October 18th, marking the end of an exciting chapter.
Season 3 will begin immediately afterward, with the largest incentives yet powered by a new token model which will be revealed in the coming days.
Thanks to our incredible community of users and developers, Airdrop 2 has succeeded in taking Mode to its next phase of evolution:
$386 million in TVL
48 million onchain transactions
620,000 active wallets
100+ ecosystem integrations (Chainlink, Balancer, Velodrome,, Beefy, Allora and more).
Mode is now one of the largest L2 DeFi ecosystems and is on a mission to build the AIFi economy and onboard the next billion users. The core focus of Mode is to be a leader in:
Building the DeFi infrastructure of AI Agents and Applications
Mode AIFi Accelerator, focusing on AI and DeFi innovation
Phase 1 laid the foundation for scaling yield-bearing assets and DeFi applications securely. Now, in Phase 2, Mode will focus on AI-enabled infrastructure and interfaces to power the DeFi ecosystem.
DeFi adoption and growth has stagnated in recent years, hindered by complexity, inaccessibility, and a lack of fresh ideas. AI offers a solution; a way to simplify interactions, improve efficiency and drive both renewed innovation and participation in DeFi. We call this next chapter AIFi.
Learn more about AIFi here: Mode: Building The AIFi Economy
Season 3 will start immediately after Season 2 ends with the introduction of an upgraded staking module.
This new season will represent a shift in the utility of the MODE token. Season 3 is designed as a continuation and advancement of the game theory that underpins ve token models, originally pioneered by Curve, Solidly, Olympus and now Mode.
Season 3 will launch directly after Season 2, with $2 million in incentives to reward users for participation across ecosystem protocols.
In addition, this chain level development sets the stage for the participation of AI Agents which will be launched in the coming weeks and months.
About Mode
Mode is the Layer 2 (L2) building the AIFi economy. Mode’s mission is to scale DeFi to billions of users through onchain agents and AI-powered financial applications. Backed by a $6 million grant from Optimism, our mission is to build a more open, efficient, and inclusive financial future.
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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