We are extremely happy to announce our first launch on S1, a launchpad for most innovative projects on the Superchain — Ionic, a leading lending platform on Mode that recently reached more than 100m in TVL! Ionic is raising capital to expand its lending solution into a leading money market app chain for the Superchain Ecosystem.

S1 is bringing highly vetted projects which are built on Superchains and powered by state of the art Optimism infrastructure (OP Stack) to everyone. Our laser focus on Superchains projects makes us unique in the space we serve. Simple and transparent launch is our motto.

Superchains are a network of interconnected chains on the OP Stack, sharing key features like bridging, decentralized governance, and communication layers. Superchains merge OP Mainnet and other chains into a unified network of OP Chains, advancing scalable and decentralized computing globally at lower costs than ever before.

Mode is an Ethereum L2 built on the OP stack. Mode is built for hyper-growth, utilizing multiple growth tactics, such as a referral program for growing the network and Sequencer Fee Sharing to reward developers building highly used applications. Mode is one of the fastest-growing L2s on Ethereum with the biggest ETH restaking ecosystem.

Ionic is the largest money market on Mode Network. Ionic launched as a key ecosystem partner for Mode, with the vision of becoming the hub for capital efficiency for Mode. Starting off with the key bluechip assets USDC, USDT, WETH and WBTC, ionic quickly reached 100M in TVL powered by a strong points system to reward early users and supporters. Now the platform has 7 markets including Liquid Staking Tokens and Liquid Restaking Tokens, with the vision of opening many more markets as the Mode token ecosystem flourishes.

• Standalone Ionic App Chain

In the future, Ionic is planning to expand to a standalone app chain to serve different OP Stack L2 and L3 chains within the Superchain Network.  A dedicated appchain will significantly enhance liquidity distribution across L2s and L3s, enabling any new L2 to immediately access liquidity without the initial requirement of accumulating TVL on its own. For example, upon launching an L2 (or L3), it's possible to bridge ETH over and immediately use it as collateral to borrow USDC, with the deep liquidity for USDC provided through the Ionic appchain. The vision for this ambitious V2 is a fully OP-native ‘Supply liquidity on tap’ system for optimized lending liquidity across all new networks and app chains.

• Protocol profitability

Protocol profits and value accrual for Ionic come through fees leveraged on borrowing, liquidation fees, Shared Sequencer fees and gas payments. Additionally, leverage fees are imposed on applications that significantly utilize Ionic's liquidity, such as perp DEXes, built on top of the Ionic infra framework.

• Omnichain interoperability

Ionic is planning to be the “Osmosis of Superchain Lending”, allowing full interoperability of assets between different Optimism networks. For example, users will be able to lend on one chain and borrow on another, making capital much more efficient across the entire Superchain while optimizing yields.

• Leading the LST ecosystem

The next frontier of global lending, which is expected to be a 30 trillion USD market in 2030, is DeFi - and Optimism, Mode and Ionic are pioneering the cutting edge of DeFi by optimizing liquid staking tokens and yield bearing assets at scale. With these strong partners and support, Ionic is perfectly positioned to capture a significant % of this market.

To get whitelisted, go to s1.xyz, connect your wallet, leave your email, and click the “I would like to be whitelisted” button.

There are 4 different ways to get whitelisted:

• Be on Mode Points Leaderboard

• Be on Ionic Points Leaderboard

• Restake ETH on Mode

• Win a whitelist through social activities and quests

The snapshot for the whitelist will be taken on April 1st, 2024.

• Mode points leaderboard

1000 spots will be given to people on Mode points leaderboard.

• Ionic points leaderboard

400 spots will be given to people on Ionic points leaderboard

• Restaking ETH on Mode

300 Ethereum restakers using different restaking applications on Mode, such as Renzo or Redstone, will be eligible for a whitelist spot, provided that they are above the threshold.

• Social activities and quests

Throughout the course of this and next week, we are going to give away 300 spots through the following activities:

• Galxe campaign - raffle between users that have completed all S1 quests

• X giveaways - various X activities and giveaways to earn your spot.

Please note that the whitelist will be overallocated. There are 600 purchasable allocation spots for 2000 wallets. To be eligible for the sale, participants will need to pass KYC on the Synaps platform.

• Raise on S1: 300,000$

• Whitelist spots: 2,000

• Purchasable Tickets: 600

• Ticket size: 500$

• Purchase method: FCFS

Stay tuned for more updates regarding the Ionic token sale on S1. Follow our social media to receive updates about the process.

S1:

Website: https://www.s1.xyz/
Discord: https://discord.com/invite/JBH4pHBKHJ
Twitter: https://twitter.com/SuperchainOne

Ionic:

Website: https://app.ionic.money
Discord: https://discord.com/invite/FmgedqR9wn
Twitter: https://twitter.com/ionicmoney