The creation and use of synthetic price data has traditionally been dominated by opaque, well-funded entities such as large financial institutions, centralized technology firms, and regulatory agencies, including JPMorgan Chase, Goldman Sachs, the Federal Reserve, and PayPal. The closed-source nature of these datasets stems from the self-serving priorities of these organizations, which often lack the incentive to democratize data access. This approach exacerbates disparities, creating a wider gap between everyday users and those with greater resources.

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Mode has launched the Synth testnet on Bittensor, the world’s largest decentralized AI network.

The MODE AI Agent App Store is live here: https://app.mode.network/ai/

We are delighted to introduce the nine pioneering teams that have been selected to join the Mode AIFi Accelerator, each embodying the spirit of innovation at the intersection of decentralized finance (DeFi) and artificial intelligence (AI). These teams are not just building products - they are crafting the future of finance, harnessing AI to unlock new possibilities in automation, security, and accessibility. Together, we will chart new territory, transforming how billions of users interact with DeFi.

In a strategic move to foster growth and innovation within the Mode ecosystem, we are excited to announce the launch of the Mode DevDrop initiative.

TLDR: 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.

Dear Mode Community,

In just under seven months since Mode Mainnet launched we've experienced remarkable growth, reaching $500M in Total Value Locked (TVL), deploying over 60 DeFi protocols, and engaging more than 400,000 on-chain users. Mode is now the third-largest chain in the Superchain, behind Base and Optimism Mainnet.