Season 2 and $MODE
Dear Mode community,
Season 2 has officially started and is designed to reward users that continue to grow the Mode ecosystem. With $MODE launching on the 7th May (details here and check your Season 1 points here) and a number of leading DeFi applications deploying to Mode we couldn’t be more excited to scale with you all.
Summary:
Season 2 starts on May 5th and runs until September 6th 2024
500,000,000 MODE tokens (5% of MODE total supply) available
Up to 1,000,000 in OP tokens incentives
New applications including Velodrome, Balancer and many more
New assets such as Ethena’s USDe and sUSDe will be introduced
$MODE staking will be available to earn points multipliers and ecosystem airdrops
Season 2 Airdrop
Season 2 Airdrop has been allocated 500,000,000 MODE tokens (5% of MODE total supply), in addition up to 1,000,000 OP tokens will be available through various incentive campaigns.
This campaign will align incentives with growing Mode into a leading L2 network and DeFi Hub for the Optimism Superchain and Ethereum ecosystem.
Airdrop 2 will add incentives to new product launches from leading DeFi protocols such as Velodrome, Balancer, Ethena and many more.
How to participate in Season 2
Mode users will automatically start earning points for Airdrop 2 on the 5th May and can track progress on the Mode Dashboard at https://app.mode.network/ - all users from Season 1 will have pre-check points based on their wallet activity on other chains, the first Season 2 Mode Points update will happen on 6th May.
Further details on Airdrop 2 and the new partners and assets will be shared on https://www.mode.network/about-the-airdrop
Season 2 Points Updates
In the next 72 hours there will be a update to points multipliers across the following assets and pools. These updates will be communicated in your dashboard and on the Airdrop page. Here is a preview of what’s coming:
$MODE token multipliers
$MODE token locking multipliers
Ecosystem token multipliers
LP position multipliers on new applications
Lending protocol multipliers
Let’s continue to grow Mode together in Season 2!