To kickoff the launch of Mode Season 2, we wanted to create a simple guide to help participants understand everything being offered.
The Season 2 points mechanisms have been built to reward users that contribute to network growth.
All users on Mode get 70.5 points per ETH or $ equivalent indexed token per week. Users can see which tokens are indexed on their Mode dashboard.
This rate is the same as in Season 1 to enable clarity for users.
Asset multipliers may be applied to help new assets bootstrap on Mode. Asset multipliers are available on the Mode Dashboard.
Assets on Mode:
2x Mode Points – $MODE
1.2x Mode Points – ezETH, weETH.mode, MBTC, rsETH, STONE/CSTONE
1x Mode Points – All other assets shown on the Mode Dashboard
**This is tracked and will be reflected in your points from May 7th
Users on Mode can earn multipliers on base asset points when they add assets to applications that are shown on the Mode Dashboard.
The following multipliers are being applied in season 2.
DEXs:
5x Mode Points – All $MODE pools + ETH/USDC pair
3x Mode Points – All other DEX Liquidity Pools
Lending Protocols:
3x Mode Points – All $MODE pools
2x Mode Points – All other lending pools
**This is being tracked and awarded from May 7th, but will not be reflected in your Daily Points update until next week.
Users will be able to stake their $MODE tokens to earn a Global Multiplier on all of their activities for Season 2.
If users stake $MODE greater than 50% of the value of their total Assets on Mode (updated daily) – they will receive a 1.5x multiplier on all Mode Points
If users stake $MODE greater than 25% of the value of their total Assets on Mode (updated daily) – they will receive a 1.25x multiplier on all Mode Points
e.g. if the user had a portfolio value of $100k on Mode today, they would need to stake $25k or more of $MODE to be eligible for the 1.25x multiplier.
In addition, users that stake $MODE can earn airdrops from ecosystem teams and in the future staking $MODE will earn revenue via restaking to secure Mode’s L3 ecosystem.
**This is being tracked and awarded from May 7th, but will not be reflected in your Daily Points update until later this week.
As with Airdrop 1, users receive Mode Points for transaction fees paid on Mode. These fees are calculated by the gas spent when interacting with protocols to trade, swap, stake, lend and mint on Mode.
**This is tracked and will be reflected in your points from May 7th
Subscribe to Mode
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...
>16K subscribers
To kickoff the launch of Mode Season 2, we wanted to create a simple guide to help participants understand everything being offered.
The Season 2 points mechanisms have been built to reward users that contribute to network growth.
All users on Mode get 70.5 points per ETH or $ equivalent indexed token per week. Users can see which tokens are indexed on their Mode dashboard.
This rate is the same as in Season 1 to enable clarity for users.
Asset multipliers may be applied to help new assets bootstrap on Mode. Asset multipliers are available on the Mode Dashboard.
Assets on Mode:
2x Mode Points – $MODE
1.2x Mode Points – ezETH, weETH.mode, MBTC, rsETH, STONE/CSTONE
1x Mode Points – All other assets shown on the Mode Dashboard
**This is tracked and will be reflected in your points from May 7th
Users on Mode can earn multipliers on base asset points when they add assets to applications that are shown on the Mode Dashboard.
The following multipliers are being applied in season 2.
DEXs:
5x Mode Points – All $MODE pools + ETH/USDC pair
3x Mode Points – All other DEX Liquidity Pools
Lending Protocols:
3x Mode Points – All $MODE pools
2x Mode Points – All other lending pools
**This is being tracked and awarded from May 7th, but will not be reflected in your Daily Points update until next week.
Users will be able to stake their $MODE tokens to earn a Global Multiplier on all of their activities for Season 2.
If users stake $MODE greater than 50% of the value of their total Assets on Mode (updated daily) – they will receive a 1.5x multiplier on all Mode Points
If users stake $MODE greater than 25% of the value of their total Assets on Mode (updated daily) – they will receive a 1.25x multiplier on all Mode Points
e.g. if the user had a portfolio value of $100k on Mode today, they would need to stake $25k or more of $MODE to be eligible for the 1.25x multiplier.
In addition, users that stake $MODE can earn airdrops from ecosystem teams and in the future staking $MODE will earn revenue via restaking to secure Mode’s L3 ecosystem.
**This is being tracked and awarded from May 7th, but will not be reflected in your Daily Points update until later this week.
As with Airdrop 1, users receive Mode Points for transaction fees paid on Mode. These fees are calculated by the gas spent when interacting with protocols to trade, swap, stake, lend and mint on Mode.
**This is tracked and will be reflected in your points from May 7th
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...
Share Dialog
Share Dialog
No comments yet