Dear Mode community,

Season 2 has officially started and is designed to reward users that continue to grow the Mode ecosystem. With $MODE launching on the 7th May (details here and check your Season 1 points here) and a number of leading DeFi applications deploying to Mode we couldn’t be more excited to scale with you all.

Summary:

• Season 2 starts on May 5th and runs until September 6th 2024

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

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

• New applications including Velodrome, Balancer and many more

• New assets such as Ethena’s USDe and sUSDe will be introduced

• $MODE staking will be available to earn points multipliers and ecosystem airdrops

Season 2 Airdrop

Season 2 Airdrop 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.

Airdrop 2 will add incentives to new product launches from leading DeFi protocols such as Velodrome, Balancer, Ethena and many more.

How to participate in Season 2

Mode users will automatically start earning points for Airdrop 2 on the 5th May and can track progress on the Mode Dashboard at https://app.mode.network/ - all users from Season 1 will have pre-check points based on their wallet activity on other chains, the first Season 2 Mode Points update will happen on 6th May.

Further details on Airdrop 2 and the new partners and assets will be shared on https://www.mode.network/about-the-airdrop

Season 2 Points Updates

In the next 72 hours there will be a update to points multipliers across the following assets and pools. These updates will be communicated in your dashboard and on the Airdrop page. Here is a preview of what’s coming:

• $MODE token multipliers

• $MODE token locking multipliers

• Ecosystem token multipliers

• LP position multipliers on new applications

• Lending protocol multipliers

Let’s continue to grow Mode together in Season 2!