There's never a dull day in the Cryptoverse! The Mode Sunrise was announced in January, along the mainnet launch and phase one of the airdrop. Here are more details from the modular DeFi Layer2 powered by Optimism:
- Mode Network is backed by a 2,000,000 $OP grant
- Mode is forging new economic systems for growth, striving to become The DeFi Hub of Optimism's Superchain.
- The Sunrise has 550 million $MODE available, that's 5.5% of total supply
- You can claim your past crypto activity and secure the points by bridging to Mode
Mode collaborated with top data scientists to create a rewards system that's both transparent and fair. The clarity and consistency is prioritized, and the users will be rewarded for meaningful contributions to ecosystem growth. Your past activity on chains like Ethereum, bridging to Mode, referrals, and app usage within the ecosystem are all valued and rewarded.
The first Mode campaign is allocating 550,000,000 $MODE tokens, rewarding users who actively contribute to growing the network. Mode focuses on rewarding those who enhance the Mode, Optimism, and Ethereum ecosystems without locking up tokens for months. Cooperate, Grow, and Unlock!
Earn points based on past activity across 150 protocols and projects from 6 key categories. All points can be viewed when connecting your wallet and can be claimed by bridging to Mode. The chosen categories are: _
DeFi - users of DeFi apps
NFT - holders of NFTs
Scaling - users of Layer2s
OG - users of OG DeFi apps like Maker, Curve, Yearn
Degen - users of leverage apps
Yield - apps that give users yieldYou can earn Mode points based on your past on-chain activity, and you can secure them by bridging to the network. Bridging ETH, USDT and USDC to Mode will add more points, based on how long these assets stay on the network. Don't forget to invite your friends to Mode and earn 16% of the points they collect during the campaign. _
Interaction and active participation is the key! Use the Mode ecosystem DApps to earn higher points, so start depositing assets and start making transactions The initial ecosystem partners on Mode where KimProtocol, IonicMoney and SpaceID.
KimProtocol _is the native DEX that enabling seamless swaps and liquidity provision on Mode. _Ionic is a liquidity protocol for efficient borrowing and lending, backed by Metacartel Ventures! The Mode Name Service SpaceIDProtocol allows users to get unique .mode domains that will simplify the future activity on the chain.
The time line of the Mode Sunrise _extends until April. You can already see your score and earn points as a preparation for Phase 2. The second phase is about ecosystem scale and native yield, and will start "soon", with the launch of DeFi ecosystem applications and native yield on Mode. _
Phase three is planned after April, and is the one we all waiting for.... TOKEN LAUNCH! The OGs will be able to convert Mode _points into tokens and the Mode DAO will be introduced, giving power to token holders. _
_So it begins.... Went to check my points and was expected a few, considering that my on-chain activity made me eligible for Celestia, Dymention and AltLayer airdrops. Got 342 points so bridged some ETH to Mode to secure them. Let's see how this will unwrap! LFG! _
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