2024-03-02
Mode is a modular DeFi layer 2 that
offers 10x lower fees than Ethereum. Mode built using OP Stack and it partners
with Optimism Foundation.
Mode rewards developers from sequence
of fee sharing. Developers earn a percentage
of transaction fees from their users.
Under partnership between Mode and
Optimism Foundation, Mode pays a portion of its sequencer revenue to Optimism
Collective. A resquencer is responsibile for order transactions before those transactions being sent to the main chain.
On Jan 23, 2024, Optimism Foundation granted Mode 2 million
OP tokens in return to support user growth incentives. 2 million OP tokens worth $7,680,000.
OP token is a governance token of Optimism
Superchain (Optimism mainnet).
Mode’s total value locked has been growing. Now it has $85 million TVL. Most of Mode’s TVL comes from a lending platform Ionic Protocol, it has $55 million TVL. LayerBank lending platform also supports Mode.
Mode Airdrop
Users can have a share on Mode’s
airdrops. Mode will allocate 550,000,000 MODE (5.5% of total supply) on the
first airdrop in April 2024. You can read more about information of Mode’s
first airdrop on this link.
