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Mode Sunrise Mainnet & Airdrop 1:
The Modular DeFi L2 Launches

Mode Sunrise Mainnet and Airdrop 1 is live. You can find invites via trusted partners. Please be aware of scams and only ever interact with Mode’s official website (www.mode.network and app.mode.network/early) and twitter/X account (@modenetwork)
ANNOUNCEMENT
BRIDGE
TERMS AND CONDITIONS
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Mode is the Modular DeFi L2 building an onchain cooperative alongside Optimism.

The Mode Sunrise campaign gives users the opportunity to earn a share of 550,000,000 MODE tokens to claim in April 2024. In addition, users can earn sequencer fees of any users they refer and rewards from Mode ecosystem apps.

Mode has worked with leading researchers to design this campaign to reward those that contribute to growing the network. You can see more details on how points are distributed in our launch article.
Mode is not like other points campaigns that have confusing terms, changing rules and weird mechanics. As a user you will be rewarded if you contribute meaningfully to ecosystem growth. In addition, there are multiple ways to earn yield across the Mode ecosystem from applications building and launching on Mode. 

Here’s how to start earning points on Mode

MODE SUNRISE REWARDS
Mode has allocated 550,000,000 MODE (5.5% of total supply) to this first campaign which will reward users for growing the network based on the points they earn.
The 550,000,000 tokens will be split between.

• 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% campaign participants

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AIRDROP REWARDS
Again, this is not another bs points campaign. Our points system has been quantitatively modelled with leading research partners and PHDs in economic design to enable optimal rewards for participation across the network. It’s simple, if you grow the network you will be rewarded.
Here’s how to start earning points on Mode:
Past Onchain Activity: 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 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 yield

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Bridge assets to Mode: Bridging ETH, USDT, USDC, and WBTC to Mode using our bridge earns points relative to the time these assets remain on Mode. TVL is checked and points are distributed on a weekly basis.
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Invite friends to Mode: When you invite friends you will earn 16% of the points they collect during the campaign. For example if your friend earns 100,000 points you will earn 16,000. You can invite multiple friends to Mode. In addition, you will also earn a share of Sequencer Fees for people you refer to Mode from the onchain referral mechanic (this will be live in early Feb).
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Use ecosystem apps: You get higher points for depositing assets into launch partner ecosystem apps. In addition, you earn points for transactions on Mode. Please note using ecosystem apps is at your own risk.
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Coming soon - Complete quests: There are boosted points for completed quests. Go to the Quests tab and check out the latest quest. Points will be earned when quests are completed. Please note that quests will be limited in capacity.
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Timeline

Phase 1 - Mode Sunrise - Now to April
You can access mode sunrise see your score and earn points by bridging to mode, inviting friends and using ecosystem apps.

Phase 2 - DeFi ecosystem and Native Yield - Feb/ march
Defi ecosystem applications and native yield launches on Mode.

Phase 3 - Token launch - April
Mode dao will launch. Points will be converted to mode tokens and distributed.
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Ecosystem launch partners

We are excited to have 3 initial launch partners on Mode with many more scheduled to launch in the coming weeks. 

Please use at your own risk. 

Kim is the native decentralized trading protocol of mode, enabling users to easily swap and provide liquidity for all assets on Mode.

‍Ionic is a liquidity protocol for the Mode ecosystem. Borrow and lend assets with absolute capital efficiency. Backed by Metacartel ventures, Ohm and Mode.

‍Mode Name Service is powered by SpaceID, enabling Mode users to get a .mode domain name of their choosing. Grab your .mode domain today.
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Research partners

OpenBlock is pioneering a data-driven platform dedicated to incentive design, fostering sustainable growth within decentralized protocols.

SeaLaunch have built a reputation as some of the top analysts on Dune Analytics. Their research has been featured in Bankless, Forbes and Bloomberg.

FranklinDAO have worked with Mode on research around Cooperative Game Theory on blockchains . We will continue to publish our collaborative research efforts in the coming weeks. 

About Mode

Mode is the Modular DeFi L2. Over the coming weeks Mode is launching its native DeFi ecosystem with new applications deploying to Mode everyday. Check back on our ecosystem pages and on your dashboard to see new applications

Team

The Mode team has experience scaling $billion blockchains such as BNB Chain, Near and many others. Mode has brought together the smartest researchers and developers in the space to build new economic systems for growth and is supported by Optimism in building out the Superchain.
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