Airdrops / mode
What is Mode?
Mode Network builds infrastructure, assets and applications with a mission to bring decentralized finance to billions of users globally.
It creates a digital ecosystem where designers, brands, and consumers can interact seamlessly.
Mode Network operates on its own native token, which serves as the backbone of the platform's economy.
This token is used for various activities within the ecosystem, such as purchasing digital assets, participating in governance, and earning rewards.
Mode Network is currently running a third season airdrop campaign.
This initiative rewards early adopters and community members with free tokens.
By participating in various activities, such as holding tokens, inviting friends, and engaging with the community, users can increase their chances
of receiving $MODE and $OP tokens.
At 18th October 2024 the airdrop season 3 will start, check the Mode airdrop guide below to maximize your airdrop rewards...
Quick Guide
Mode is launching veMODE and becoming the first L2 to implement a vote escrow model for the distribution of
incentives to ecosystem protocols. veMODE is an upgrade to the current MODE staking module. Stakers will be rewarded for upgrading
their staked MODE balance in order to take part in this new system. OP rewards start accruing immediately upon upgrade, claimable after
successful voting participation.
Staking to veMODE enables users to continue to earn Optimism(OP) and vote for the distribution of incentives to ecosystem
protocols.
$2m in incentives are available in Season 3 for veMODE holders to direct to ecosystem protocols.
So you can earn extra rewards for using Mode partner protocols, like trading, providing liquidity, etc.
| 1 | Go to the Mode Dashboard and connect with your wallet. Stake your Mode tokens. If you do not have Mode tokens, you can get them on a Dex. First bridge some ETH to the Mode network. Go to our bridges page and Select Mode chain to see which bridges you can use. You can filter on airdrop, so you can be eligible for other airdrops too. After you have bridged ETH to the Mode Network, go to our dexes page and again select Mode chain. Go to a dex and swap ETH for Mode. Keep some ETH left for gas, at least 0.001 ETH. If you did already stake Mode tokens, users will be able to upgrade from the old Mode staking contract to the new veMODE Staking contract in the Mode dashboard to continue earning OP rewards. |
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| 2 | Thursday 24th October: Voting goes live. Wednesday 30th October 23:00 UTC: Voting Deadline |
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| 3 | Vote every week, Voting deadlines are on the WEDNESDAY of each voting period. New voters must be staked 3 days prior to the end of each voting period to be eligible to vote (warm-up period). |
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| 4 | Sunday 27th October: veMODE and veBPT must be staked to be eligible to vote in first Epoch. | |
| 5 | Week of Oct. 31st: First rewards distributions from results of gauge votes. Check every week your rewards to claim on the Mode Dashboard. |
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| 6 | Epochs are two weeks long, voting occurs the first week of each epoch. Season 3 will run for approximately 3 months, with 6 epochs. |
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| 7 | You can also stake BPT tokens. You will get BPT tokens by staking Mode and WETH on a Balancer pool, which will give you also weekly rewards. So you will get rewards double. To get BPT go to the Goverment Mode Dashboard and click on 'GET BPT'. |
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| 8 | To get extra OP tokens reward you can use the partners of Mode. Check the Mode Dashboard and scroll little down and under the section MODE REWARDS you can see which projects will give you rewards. |
That's all.
Keep an eye on this page for news and check the social media channels to keep informed when you will be rewarded.
Step-by-step Guide
Currently there is no step-to-step guide. You can just follow the Quick-guide and Bonus tasks.Bonus tasks
Currently there is bonus task. Keep an eye on this page for future bonus tasks.
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