Now operational, the “Mode Sunrise Mainnet and Airdrop 1” offers 550,000,000 MODE (5.5% of total supply). You can look for invites on X or through friends. Please be cautious of con artists and only communicate through Mode’s official X account and website.
Mode Sunrise Mainnet & Airdrop 1: The Modular DeFi L2 Launches
We are happy to announce the launch of our first airdrop campaign and the Mode Sunrise Mainnet. With the support of a 2M OP grant from Optimism, Mode is embarking on a quest to create new economic systems for growth with this campaign.
In order to create a campaign that pays users for previous activity on chains like Ethereum, bridging to Mode and using ecosystem applications, as well as bringing friends to the network, Mode has collaborated with top data scientists and academics.
Mode Sunrise differs from previous point campaigns. Users who make significant contributions to the expansion of the ecosystem will receive rewards. The aforementioned formula provides information on how ecosystem growth contributions are measured and incentivized.
We will share additional information on the importance of each of these specific values, as well as more thorough documentation, in the upcoming weeks.
Reward Allocation
For this initial campaign, which will reward users for expanding the network based on the points they acquire, Mode has allotted 550,000,000 MODE (5.5% of the entire supply).
The 550,000,000 tokens are going to be distributed.
- 400,000,000 MODE allocated to the points airdrop
- 50,000,000 additional MODE unlocked at $100M TVL
- 50,000,000 additional MODE unlocked at $200M TVL
- 50,000,000 for 500 NFT lottery winners among the top 20% of campaign participants
Airdrop Rewards
This isn’t just another BS points campaign, to reiterate. With the help of top research partners and Ph.D.s in economic design, we have mathematically modeled our points system to offer the best possible incentives for network involvement. It’s that easy: you will reap rewards for expanding the network.
A detailed breakdown of the points awarded is available here.
Here’s how you start earning Mode points:
Past Onchain Activity: Accumulate points by completing 150 protocols and projects from six major categories in the past. When you connect your wallet, you can see all of the points, and you may claim them by bridging to Mode. These are the categories:
- 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 yield
Bridge assets to Mode: Points are awarded for bridging ETH, USDT, and USDC to Mode according to how long these assets stay in Mode. Points are awarded on an hourly basis, and TVL is reviewed.
Invite friends to Mode: You will receive 16% of the points your friends earn throughout the campaign when you invite them. You will receive 16,000 points, for instance, if your friend scores 100,000 points. Multiple friends can be invited to Mode. Furthermore, through the onchain referral mechanism (which will go live in early February), you will receive a portion of the Sequencer Fees for each person you suggest to Mode.
Use ecosystem apps: By putting assets into partner ecosystem apps, you can earn more points. You also accrue points for using Mode to complete purchases. You use ecosystem apps at your own risk, please note.
Coming soon – Complete quests: Points are increased after completing tasks. View the most recent quest by selecting the Quests tab. Completing tasks will gain you points. Note that there will be a cap on the number of quests available.
Timeline
Phase 1 – Mode Sunrise – Now to April
By utilizing ecosystem apps, bridging to mode, and adding people, you may access mode Sunrise, view your score, and accrue points.
Phase 2 – DeFi ecosystem and Native Yield – Feb/March
Supporting Mode’s Native DeFi ecosystem partners and applications is the main goal for February. The native yield debut on Mode is scheduled for March.
Phase 3 – Mode DAO and Token Launch – April
Users will be able to take control of the Mode protocol once Mode DAO launches. Points will be distributed after being converted to MODE tokens. Furthermore, several additional protocols will be implemented.
Ecosystem Launch Partners
With many more set to come in the upcoming weeks, we are thrilled to have three first-launch partners on Mode.
Use at your own risk, please.
Kim is Mode’s native decentralized trading protocol, which makes it simple for users to exchange and supply liquidity for any asset on the platform.
A liquidity protocol for the Mode ecosystem is Ionic. Utilize assets to lend and borrow with perfect capital efficiency. Backed by Metacartel ventures, Ohm and Mode.
SpaceID powers the Mode Name Service, which lets Mode users choose a domain name of their choice ending in.mode. Get your domain name in .mode now.
Tech Partners
OP Mainnet, Base, Zora, and Mode are all members of the Superchain and are supported by Optimism. A modular architecture designed to grow Ethereum is called the OP Stack. Supported by a grant of up to 2 million OP, Mode has collaborated closely with the Optimism team to develop innovative economic mechanisms onchain.
Research Partners
OpenBlock is a leader in the development of a data-driven incentive design platform that promotes long-term growth in decentralized protocols.
On Dune Analytics, SeaLaunch has established a solid reputation as one of the best analysts. Their research has been featured in Bloomberg, Forbes, and Bankless.
Mode and FranklinDAO have collaborated on blockchain-related Cooperative Game Theory research. In the upcoming weeks, we’ll keep sharing the results of our joint research.
Team
The Mode team has scaled multibillion-dollar blockchain ecosystems before, including Near, BNB Chain, and many more. Optimism is supporting Mode in developing the Superchain and has gathered the most intelligent academics and developers in the field to create new economic systems for growth.
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