2️⃣2️⃣ Season 2

Airdrop 2 began on May 5th, 2024, and runs until September 6th, 2024.

Season 2 Airdrop is live, you can check your status on your Mode Dashboard here.

Summary:

  • 500,000,000 MODE tokens (5% of MODE total supply) available

  • Up to 1,000,000 in OP tokens incentives

  • MODE staking is available to earn points multipliers and ecosystem airdrops

Airdrop Season 2 is designed to reward users and developers that continue to grow the Mode ecosystem.

Airdrop 2 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.

Earning points in season 2

1. Assets on Mode and Asset Multipliers

All users on Mode get 70.5 points per ETH or $ equivalent indexed token per week. Users can see which tokens are indexed on their Mode dashboard.

Asset multipliers may be applied to help new assets bootstrap on Mode. Asset multipliers are available on the Mode Dashboard.

Assets on Mode:

  • 2x Mode Points – $MODE

  • 1.2x Mode Points – ezETH, weETH.mode, MBTC, rsETH, STONE/CSTONE

  • 1x Mode Points – All other assets shown on the Mode Dashboard

**This is tracked and will be reflected in your points from May 7th

2. Dapp and Asset Mode Points Multipliers

Users on Mode can earn multipliers on base asset points when they add assets to applications that are shown on the Mode Dashboard.

The following multipliers are being applied in season 2.

DEXs:

  • 5x Mode Points – All $MODE pools + ETH/USDC pair

  • 3x Mode Points – All other DEX Liquidity Pools

Lending Protocols:

  • 3x Mode Points – All $MODE pools

  • 2x Mode Points – All other lending pools

**This is being tracked and awarded from May 7th, but will not be reflected in your Daily Points update until next week.

3. $MODE Staking Multipliers

Users will be able to stake their $MODE tokens to earn a Global Multiplier on all of their activities for Season 2.

  • If users stake $MODE greater than 50% of the value of their total Assets on Mode (updated daily) – they will receive a 1.5x multiplier on all Mode Points

  • If users stake $MODE greater than 25% of the value of their total Assets on Mode (updated daily) – they will receive a 1.25x multiplier on all Mode Points

  • e.g. if the user had a portfolio value of $100k on Mode today, they would need to stake $25k or more of $MODE to be eligible for the 1.25x multiplier.

Read more in Staking

In addition, users that stake $MODE can earn airdrops from ecosystem teams and in the future staking $MODE will earn revenue via restaking to secure Mode’s L3 ecosystem.

**This is being tracked and awarded from May 7th, but will not be reflected in your Daily Points update until later this week.

4. Transaction Fee Points

As with Airdrop 1, users receive Mode Points for transaction fees paid on Mode. These fees are calculated by the gas spent when interacting with protocols to trade, swap, stake, lend and mint on Mode.

5. Volume points

Volume points aim to reward users for their transaction volumes across key pools on Kim, Supswap, SwapMode, Velodrome, and more with a share of 5 million points daily. These points will be distributed based on the users' share of the volume for that day. We run the calculations daily.

Why do we do it?

The primary goal of Activity Points is to incentivize genuine transaction volumes on Mode. By excluding volumes from smart contracts, including multisig wallets, we ensure that rewards are allocated to individual users who actively participate and contribute to our ecosystem. This helps maintains the integrity of our reward system and fosters a more engaged community.

How does it work?

  1. Participation: Users swap tokens within designated pools on supported dapps. Check volume pairs support in Supported Volume pairs

  2. Volume Calculation: The total volume from these pools is aggregated daily.

  3. Point Distribution: Points are distributed based on each user’s share of the total daily volume. For example, a volume of 10 ETH will contribute to the user’s share of the total daily volume, impacting their points accordingly.

Key Details

  • Start Time: Activity Points start accumulating from Block 9227209.

  • Daily Updates: Calculations are confirmed daily at 11am UTC, and users can view their updated Activity Points on their dashboard at approximately 11.05am UTC.

Additional Information

For more details and to check eligibility, visit our Dashboard. Stay tuned for further updates as we continue to enhance our platform and deliver value to our community.

Supported Volume pairs

PAIRkimv4swapmodesupswapizumivelodromekimv2

ETH/USDC

0x468cc91df6f669cae6cdce766995bd7874052fbc

0x50273860341bb80de359cd391bef9b2eb228753c

0x0a736e361ab594d7c0c692eb9c5c86b75d6f666c, 0x9aa04739b93ff30eda4080d3e62c2d161f8dda44, 0xd87f0dd632cce09e3f78919c4399f4676bdaab9d, 0xf2e9c024f1c0b7a2a4ea11243c2d86a7b38dd72f

0x360bb3448d39bc614de5dc05cf299679181fa8aa, 0xe3bed2358e4aabb4b4f835a222cc4a6c71493a2e

0xcc16bfda354353b2e03214d2715f514706be044c

0x293f2b2c17f8cea4db346d87ef5712c9dd0491ef

weETH/WETH

0xe24c8feb38ca2b18b542994bfba7e70880171035

0x3a7f9f4e5917d0342e49988e0516ecd7e946e718

0x07ba129b00a91e7b9f9c505c263ac6b2c453a5ea, 0x29f0ea0266931831a9cdadfa65931bc01c06dd5b, 0xead81d090870a5293131095f0b351a006183c03f, 0xf6772e0fe8c7cb9c0b9900a46d463c9e352f3dc8

0x308b4e527cd958d11314f829397149a0cb70b044, 0xe1b5f93e72bcb6891e63ca0f1e25fc13c64c2203

0x53e85d00f2c6578a1205b842255ab9df9d053744

0x62c08a8f137195e1ef89fc02a74654c3b76f57c3

ezETH/WETH

0xd9a06f63e523757973ffd1a4606a1260252636d2

0xd5cfdbc1d0e93b04c92f0e4f0c6270b8a5632d05

0x00551f0ee010f73c4760de6558019f15c2b222e5, 0x7a55c67aaf235cc6620f207a7da74438aac0b58e, 0xcb4aed6bfb7698ef034b01b59123178cab5270c6, 0xde1f05455c3223c5cdab8953a6a7ae55634eb892

0x3c31ba7d08807c1b511de87729a2dd780490f378, 0x82696a001c1c7782fe761bbf15b5af46ba34c261

0x44c6ccea1f549dc28bacec12edec580f8e1b64cd, 0xf05b706826b50122b35cafd31c95ff7a3d6d078e

0x812d54d483bf049980af7ceb57dbf77fa186d063

MODE/WETH

0x8cfe2a02dfbabc56ae7e573170e35f88a38bea55

0xd724540f997337100b0da0ce5a8df39f15fbb7b3

0x5af5c0d446468a55efcf26d8e1d291b175751645

0xd0b3bd22f520d5dd3f5c6135dd9097149e463dc1, 0x250f5d65a75459f04f1b8654855ae85364f1ff9b

0x0fba984c97539b3fb49acda6973288d0efa903db

0x813f4f7bd6b278fca601cac8d548bf1daca96e44

KIM/WETH

0x3c3a173984e3152fed868345904ec0c9325fa516

-

-

-

-

0xc5140f1a2baa2055f210a77422a0d473a4b170d6

ION/WETH

0x0f73de1ddbe848853f27cbf6e2b4f9e95bf48685

0xbd2b4eccfbdefe72ac0fef2e1f8d8568af3c157b

-

-

0xc6a394952c097004f83d2dfb61715d245a38735a

0x61d93e14d8221b5ebaf480c3b1dce6da7491d9e2

wrsETH/WETH

0x27f0976b26194c448d987c275bb409eab6083964

0x7794a80b2d36f35239bd2fcc77ca0e2d2e47d9a3

0xaa0e56779aef399910f6accbf9f551d94a61c1fd, 0x02505c0db3a15b61cbbe497f5ce8a09b3b9e72a4

-

-

0xd64da7fe45436e9be04c9ff3ccbbc5e1751fb872

USDT/WETH

0xd8abc2be7ad5d17940112969973357a3a3562998

0xe1b9041bc284651bbb7a8bd0b2edbfbdf56d2fdc

0x4aeeca350f08b546ce1451b3a128f5cc8991a80c, 0x962e5982c1507af4ea5af2d6a25774f6e93b50d4, 0xde7f9b8b6c1756f1b6d3da65afa922c978caa5dc, 0xf560a076be74308bb78d3c6b51345cf4457e49a9

0xad03a64095d15acdbd3f14a2624533e365874b83, 0x49384ba5a4f047e0466e5e799386e45fd5bd53a4

0x8b4b4f47e62e7bd8b36a5ef6ebd2ac9d2ddd0b0f

0xf4c85269240c1d447309fa602a90ac23f1cb0dc0

WBTC/WETH

0x15173cca4c4c4e5a3f4b5c0e81a1aef7c0bd6ede

0xc8dab61bc9d83123649691120d1c8350e41abd60

0x42ff7320a5bf8d4321c5d97e63bdde9bead43a19

-

0x77819dcdf28eb9c885fe26b444277c84d51722d4

0x98514bc2629061a8a4fd0f9b07766200dcf461c4

MBTC/WETH

0x79bcc8cf4b017e445293b28d256f40558797a876

0x03108a2efdd0b74293c4dd40b24f72e4f6d7f610

0x8836f7741214aced46d928158b01f3bce11e14c3, 0xf9cd7bf85dbbf20d786068dd17210b471cf10f69

0xb4fc23240766d1671cb1487063c9cfbe340c31a2

-

0x84b8953bb9d77a24559226e16ce217c5ca166d88

STONE/WETH

0x2509aebb0ea268439bf7aaabe52e621277a76933

0x71750e746db0ed0c6df9d9b88f36ebc5eafe295d

-

-

0x5613b76ed4cf65d771baa5e68cea787a8ff43cad

0xf06bccc951811e6a56ba71c2c7447f7e2b1d0c32

KIM/MODE

0x86d9d9dd7a2c3146c6fad51646f210cb2e5fc12f

-

-

-

-

0x6d2c0e67bb0c34f96e7d6903841f40da1c80ed76

ION/MODE

0x2a5475ee65599064a53724255b5066bbb21eb165

0x610fd7a0fa1e3ea319ed293d2944036826dbfa39

-

-

0x690a74d2ec0175a69c0962b309e03021c0b5002e

0x07a494212abaf9551121384d31ea553fd6034fdf

SMD/ETH

0xc16a85e81244e5fca47283bb42ad8618f3c398bc

0x7f3315d773350883ebb4f643ab5ec0d32d162c8a

-

-

-

0xecd1fadbf56fd6a0c9b561969aed4ee27590ad01

Last updated