Summary

1. Season 2 will conclude on the 18th of October.

2. Season 3 starts on the 18th of October and will run for approximately 3 months with real yield incentives of over $2m.

3. Users will have 30 days to claim tokens from Airdrop 2, and unclaimed tokens will be allocated to future rewards for users and developers on Mode.

4. User points from Airdrop 2 will be converted to MODE tokens and claimable on the 18th of October at claim.mode.network

5. The top 1,000 wallets by points will receive 50% of their MODE tokens on October 18th and 50% after 90 days.

6. There will be a minimum of 250  points required to qualify for the airdrop to reduce sybils.

7. Season 3 will introduce an upgraded staking module that will enable greater utility to $MODE. More details on this will be revealed on Wednesday 16th October.

Dear Mode Community,

Mode’s Airdrop 2 campaign will end on October 18th, marking the end of an exciting chapter.

Season 3 will begin immediately afterward, with the largest incentives yet powered by a new token model which will be revealed in the coming days.

Thanks to our incredible community of users and developers, Airdrop 2 has succeeded in taking Mode to its next phase of evolution:

• $386 million in TVL

• 48 million onchain transactions

• 620,000 active wallets

• 100+ ecosystem integrations (Chainlink, Balancer, Velodrome,, Beefy, Allora and more).

What’s Next for Mode?

Mode is now one of the largest L2 DeFi ecosystems and is on a mission to build the AIFi economy and onboard the next billion users. The core focus of Mode is to be a leader in:

• Building the DeFi infrastructure of AI Agents and Applications

• Mode AIFi Accelerator, focusing on AI and DeFi innovation

Phase 1 laid the foundation for scaling yield-bearing assets and DeFi applications securely. Now, in Phase 2, Mode will focus on AI-enabled infrastructure and interfaces to power the DeFi ecosystem.

DeFi adoption and growth has stagnated in recent years, hindered by complexity, inaccessibility, and a lack of fresh ideas. AI offers a solution; a way to simplify interactions, improve efficiency and drive both renewed innovation and participation in DeFi. We call this next chapter AIFi.

Learn more about AIFi here: Mode: Building The AIFi Economy

Season 3

Season 3 will start immediately after Season 2 ends with the introduction of an upgraded staking module.

This new season will represent a shift in the utility of the MODE token. Season 3 is designed as a continuation and advancement of the game theory that underpins ve token models, originally pioneered by Curve, Solidly, Olympus and now Mode.

Season 3 will launch directly after Season 2, with $2 million in incentives to reward users for participation across ecosystem protocols.

In addition, this chain level development sets the stage for the participation of AI Agents which will be launched in the coming weeks and months.

About Mode

Mode is the Layer 2 (L2) building the AIFi economy. Mode’s mission is to scale DeFi to billions of users through onchain agents and AI-powered financial applications. Backed by a $6 million grant from Optimism, our mission is to build a more open, efficient, and inclusive financial future.