🎯Mode Points Design
Mode points calculations
Mode Incentive Design
Introduction
Mode Points serve as a metric to acknowledge and reward early participants in the Mode ecosystem. These points encapsulate a range of activities, including assets on Mode, interacting with applications within the ecosystem, historical engagement across other blockchain networks, and more.
The points formula can be extracted into three terms:
represents the Mode Reward Points user earns during the Mode Sunrise period. There are three ways users can earn points:
Referral Points ()
Ecosystem Points ()
Veteran Points ().
In the following section, we explain each part of formula.
Referral Points
Referral Points incentivizes cooperative onboarding activities. These points are calculated by the formula:
where is the total referral points earned by user at time , multiplied by a share multiplier and referral multiplier .
To obtain the total referral points earned by user , we sum over eligible points generated by wallets that have activated user 's referral code.
Eligible points are points generated through on-chain wallet activities and do not include referral points so to prevent second-order referral effects.
The share multiplier and referral multiplier are optimized throughout the program.
Ecosystem Points
Ecosystem points incentivizes asset onboarding to Mode, along with user activity across various ecosystem protocols at launch. It is calculated by:
where is the amount of total Assets on Mode, is Total Value Locked in ecosystem dapps, and is sequencer fees spent, aggregated across time.
The multipliers , , and will be optimized throughout the program to promote sustainable growth of the Mode ecosystem.
Veteran Points
Veteran Points provides additional points to users who have demonstrated notable activity across Ethereum, Optimism, or Base in the past, inviting active blockchain participants to join the Mode network.
Last updated