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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...
>16K subscribers
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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Today, we are excited to announce Activity Points Season 2, users will be rewarded a share of 5 million points (around 10% of daily point distribution) every day based on their transaction volumes across key pools (full list here) on Kim, Supswap, SwapMode, IzumiSwap, and Velodrome.
Our goal is to incentivize genuine transaction volume on the Mode chain. By filtering out volumes from smart contracts, including multisig wallets, we ensure that the rewards go to individual users who actively participate and contribute to the ecosystem. This approach helps maintain the integrity of our reward system and fosters a more vibrant and active community.
Users can earn points by swapping tokens in specific pools on participating dapps. The process is straightforward:
Participation: Users engage in token swaps within designated pools on the supported dapps.
Volume Calculation: The total volume from these pools is aggregated daily.
Point Distribution: We calculate each user’s share of the total daily volume and distribute points accordingly. For example, a volume of 10 ETH will not equate to a fixed amount of points but will contribute to the user’s share of the total daily volume.
The starting block for points will be at: Block 9227209 (calculation will start at approx 5pm CET today).
Daily calculations will be confirmed at 11am UTC and users will be able to view their updated Activity Points on their dashboard at approximately 11.05am UTC.
Mode is the Modular DeFi Layer 2, an integral part of the OP Superchain. Supported by a $6 million grant from Optimism, we are dedicated to fostering new economic systems for growth. Our mission is to build a financial future that is open, efficient, and inclusive, enabling users to benefit from the full potential of decentralized finance.
Stay tuned for more updates as we continue to enhance our platform and deliver value to our community. For more details and to check your eligibility, visit our Dashboard.
Today, we are excited to announce Activity Points Season 2, users will be rewarded a share of 5 million points (around 10% of daily point distribution) every day based on their transaction volumes across key pools (full list here) on Kim, Supswap, SwapMode, IzumiSwap, and Velodrome.
Our goal is to incentivize genuine transaction volume on the Mode chain. By filtering out volumes from smart contracts, including multisig wallets, we ensure that the rewards go to individual users who actively participate and contribute to the ecosystem. This approach helps maintain the integrity of our reward system and fosters a more vibrant and active community.
Users can earn points by swapping tokens in specific pools on participating dapps. The process is straightforward:
Participation: Users engage in token swaps within designated pools on the supported dapps.
Volume Calculation: The total volume from these pools is aggregated daily.
Point Distribution: We calculate each user’s share of the total daily volume and distribute points accordingly. For example, a volume of 10 ETH will not equate to a fixed amount of points but will contribute to the user’s share of the total daily volume.
The starting block for points will be at: Block 9227209 (calculation will start at approx 5pm CET today).
Daily calculations will be confirmed at 11am UTC and users will be able to view their updated Activity Points on their dashboard at approximately 11.05am UTC.
Mode is the Modular DeFi Layer 2, an integral part of the OP Superchain. Supported by a $6 million grant from Optimism, we are dedicated to fostering new economic systems for growth. Our mission is to build a financial future that is open, efficient, and inclusive, enabling users to benefit from the full potential of decentralized finance.
Stay tuned for more updates as we continue to enhance our platform and deliver value to our community. For more details and to check your eligibility, visit our Dashboard.
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