TLDR:
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$MODE staking will continue with 20,000 OP distributed to stakers each week.
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The staking module has been updated to enable staking of the MODE-USDC-BPT, a Balancer pool token, which users can get by adding liquidity to Balancer the pool here.
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If you missed the claim for OP rewards a new page is available to claim missed rewards from the first 10 weeks.
The first 10 weeks of the Mode Staking campaign have seen incredible traction, with 15 Million $MODE staked, and we are excited to extend this until further notice.
OP Incentives Overview
The program will be continued with 20,000 OP available each week until further notice. The more $MODE you stake, the more OP rewards you can earn.
You can stake $MODE on the Mode dashboard here https://app.mode.network/early/
Second Pool: Stake Balancer 80MODE/20USDC BPT Tokens
We just launched a second MODE staking opportunity for our users, leveraging Balancer with boosted OP rewards.
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Stake Balancer 80MODE/20USDC BPT Tokens: Add liquidity to the BPT, enjoy a 5x Mode points multiplier, and stake your BLP Token on our dashboard to earn a share of the weekly 20,000 OP rewards.
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You can find the Balancer 80MODE/20USDC Pool on Mode here.
How Does Balancer Pool Staking Work?
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Stake $MODE Tokens: Visit the staking section of the Mode Dashboard
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Stake Balancer 80MODE/20USDC BPT token in Mode Dashboard
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Estimated APR: Users can see the estimated APR for staking $MODE and BPT tokens in Mode Dashboard, which will be claimable in OP tokens.
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Claiming OP Rewards: OP rewards can be claimed every 7 days on Optimism’s OP Mainnet. Ensure you claim OP tokens only from the specified contract on the Mode dashboard.
Missed Rewards Claim Page
There is a 7-day window each week to claim staking rewards. We have heard from the community that some members have missed rewards, so we are granting a second chance to claim rewards from the first 10 weeks of staking.
Please note that this is a one-off exception. Users should claim all future rewards from Mode staking each week within 7 days of the reward distribution. The claim is open until August 12, 23:59 am UTC, claim here.
FAQ
When can users start staking?
Users can start staking $MODE and BPT tokens now, and OP rewards will be claimable every 7 days on OP Mainnet.
Can users stake and unstake $MODE and BPT tokens?
Yes, users can stake and unstake easily via the Mode dashboard. Note that there is a 7-day cooldown period when unstaking assets.
If I’m already staking $MODE, do I need to do anything to get the OP rewards?
No, if you are already staking $MODE, you are earning the OP rewards. However, you will need to claim these rewards.
Why do users get OP on OP Mainnet?
Users receive OP on OP Mainnet as it is the main chain for the OP token. As a key member of Optimism’s Superchain, Mode uses this grant to incentivize the community.
Conclusion
We are committed to providing our community valuable opportunities and rewarding those actively participating in our ecosystem. Continue to stake $MODE, explore the new BLP staking option, and maximize your earnings with extended OP rewards.
About Mode
Mode is the Modular DeFi Layer 2, an integral part of the OP Superchain. Supported by a $6 million grant from Optimism, we are dedicated to fostering new economic systems for growth. Our mission is to build a financial future that is open, efficient, and inclusive, enabling users to benefit from the full potential of decentralized finance.