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.
At the heart of our strategic development is the implementation of an encrypted mempool, poised to serve as a foundational element in Mode's comprehensive MEV-aware strategy. This innovative approach aims to foster sustainable MEV extraction and distribution methods related to back-running, thereby unlocking new revenue streams for our ecosystem.
Mode's adoption of Sequencer Fee Sharing (SFS) has already set a precedent for distributing sequencer fees among developers and applications built atop our platform. With the integration of revenue from MEV extraction, we anticipate introducing an additional layer of developer incentivization, further enriching our protocol's utility and appeal.
Our collaboration with Shutter will be showcased through a dedicated testnet, designed to assess two critical areas:
The Implementation of a Shutterized Encrypted Mempool: Focused on front-running protection and real-time censorship resistance, this feature promises to enhance trading safety for DeFi users.
A Two-Stage Back-Running MEV Extraction Strategy: This approach not only aligns with our vision for a more profitable trading environment but also ensures that developers and applications built on Mode are aptly rewarded, nurturing a vibrant ecosystem.
Building upon Shutter's roadmap for a Shutterized OP Stack testnet, this partnership endeavors to extend its reach. With the backing of the Optimism Collective for developing a generalized encryption interface, we're poised to revolutionize security and efficiency across DeFi.
Our roadmap is ambitious, with the Shutterized Mode testnet launching in February 2024, followed by a Proof of Concept (PoC) for MEV extraction and the introduction of an MEV-aware Mode mainnet between Q2 and Q3 2024. By Q3 2024, we anticipate integrating MEV auctions, setting a new standard for transactional security and efficiency.
The participation of our community in the upcoming testnet phase is not just encouraged—it's essential. Your feedback and insights will play a pivotal role in refining this collaboration. For more in-depth information, technological insights, and updates on our progress, we invite you to explore the detailed post on Shutter's blog.
As we embark on this pioneering journey with Shutter, our commitment to delivering a secure, efficient, and equitable blockchain experience has never been stronger. The possibilities of this collaboration are boundless, and we look forward to exploring them with you, our community.
Join us as we navigate this exciting new chapter in DeFi. Your support, participation, and feedback are invaluable as we work together to redefine the future of blockchain transactions.
Here's to building a more secure and efficient DeFi ecosystem—together.
More specifically, we're working towards a release of a testnet of a Shutterized OP Stack L2 in February
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...
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...
ModeSeason 6: Verifiable AI Trading Agents
AI is evolving from analysis to action, shaping a future where systems don’t just interpret data; they decide when to act. In trading, the edge now lies in combining AI-driven signal detection with autonomous execution for speed and precision. Mode is building this future, empowering traders to define intent while intelligent agents execute with consistency and control in ways which are transparent and will soon be verifiable.TLDR:OP incentives will continue in Season 6 for veMODE holders to ...
>16K subscribers
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.
At the heart of our strategic development is the implementation of an encrypted mempool, poised to serve as a foundational element in Mode's comprehensive MEV-aware strategy. This innovative approach aims to foster sustainable MEV extraction and distribution methods related to back-running, thereby unlocking new revenue streams for our ecosystem.
Mode's adoption of Sequencer Fee Sharing (SFS) has already set a precedent for distributing sequencer fees among developers and applications built atop our platform. With the integration of revenue from MEV extraction, we anticipate introducing an additional layer of developer incentivization, further enriching our protocol's utility and appeal.
Our collaboration with Shutter will be showcased through a dedicated testnet, designed to assess two critical areas:
The Implementation of a Shutterized Encrypted Mempool: Focused on front-running protection and real-time censorship resistance, this feature promises to enhance trading safety for DeFi users.
A Two-Stage Back-Running MEV Extraction Strategy: This approach not only aligns with our vision for a more profitable trading environment but also ensures that developers and applications built on Mode are aptly rewarded, nurturing a vibrant ecosystem.
Building upon Shutter's roadmap for a Shutterized OP Stack testnet, this partnership endeavors to extend its reach. With the backing of the Optimism Collective for developing a generalized encryption interface, we're poised to revolutionize security and efficiency across DeFi.
Our roadmap is ambitious, with the Shutterized Mode testnet launching in February 2024, followed by a Proof of Concept (PoC) for MEV extraction and the introduction of an MEV-aware Mode mainnet between Q2 and Q3 2024. By Q3 2024, we anticipate integrating MEV auctions, setting a new standard for transactional security and efficiency.
The participation of our community in the upcoming testnet phase is not just encouraged—it's essential. Your feedback and insights will play a pivotal role in refining this collaboration. For more in-depth information, technological insights, and updates on our progress, we invite you to explore the detailed post on Shutter's blog.
As we embark on this pioneering journey with Shutter, our commitment to delivering a secure, efficient, and equitable blockchain experience has never been stronger. The possibilities of this collaboration are boundless, and we look forward to exploring them with you, our community.
Join us as we navigate this exciting new chapter in DeFi. Your support, participation, and feedback are invaluable as we work together to redefine the future of blockchain transactions.
Here's to building a more secure and efficient DeFi ecosystem—together.
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...
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...
ModeSeason 6: Verifiable AI Trading Agents
AI is evolving from analysis to action, shaping a future where systems don’t just interpret data; they decide when to act. In trading, the edge now lies in combining AI-driven signal detection with autonomous execution for speed and precision. Mode is building this future, empowering traders to define intent while intelligent agents execute with consistency and control in ways which are transparent and will soon be verifiable.TLDR:OP incentives will continue in Season 6 for veMODE holders to ...
More specifically, we're working towards a release of a testnet of a Shutterized OP Stack L2 in February
Share Dialog
Share Dialog
No comments yet