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Mode: Build & Earn Mode Is On

By Bella

May 15, 20247 min read



  • Mode aims to actively contribute to the Optimism network's growth and strength;
  • Mode stands out thanks to its lowest fees, robust tools for deploying apps within Web3, and its rewarding system for both users and developers;
  • The protocol has an impressive list of ecosystem integrations such as The GraphLayerZeroPythEtherfiOKX WalletRenzoSafe,
  • Mode is about to have an airdrop due to the MODE token launch;
  • The project is keeping its finger on the pulse of the latest DeFi trends, so they are into a points system together with Renzo protocol.

About Mode

Mode is the L2 protocol that incentivizes and rewards developers, users, and protocols to grow Mode and the Superchain ecosystem. Applications and users using the Mode blockchain will get a proportion of network sequencer profits. It is one of the largest L2 DeFi ecosystems that became larger than zkSync, Starknet, and many others.

Mode’s core includes:

  • Contract Secured Fees: Smart Contract developers will get fees that run through the contracts they deploy to the network.
  • Referral Program Fees: Developers, users, or protocols that refer new developers, users, or protocols to the network will receive a share of the transaction fee.
  • Convenient Monitoring: Developers get access to a project dashboard with crucial data on their applications and integrations to help them scale their community.
  • Ethereum L2 Scalability: Mode blends Ethereum’s security and improved transaction speeds with reduced costs. Thus, it works out a notorious scalability issue.
  • Optimism’s OP Stack Integration: Optimism’s OP Stack provides easy and efficient application development.
  • Growth-Centric Mechanics: Mode uses unique growth mechanics at protocol and product levels, creating a network that evolves with its user base.

It’s important to note that Mode has implemented Optimism's Bedrock upgrade which has significantly lowered the fees to be over 95% less than Ethereum. 

Mode is geared up by the OP Stack, in collaboration with Optimism. The protocol wants to contribute to growing Optimism's Superchain ecosystem acting as the DeFi hub.

Mode’s Toolbox

So, why is Mode so convenient to use? It’s achieved thanks to the tools the protocol can offer: 

  • Spindl: analytics tool for Web3;
  • Guild: automated community management tools;
  • Addressable: helps to host web3 advertising campaigns;
  • Galxe: the most popular platform for building Web3 community;
  • JokeRace: governance participation tooling;
  • 3RM: a CRM and relationship manager for Web3;
  • Quest Terminal: providing micro airdrops for on-chain actions built by Rabbithole.

All these tools empower developers with access to the distribution channels that are indispensable for building stable and secure on-chain businesses. The Mode dashboard will give insights to help developers effectively allocate resources to scale their applications.

About $MODE

  • $500m in TVL;
  • 20,000,000 onchain transactions;
  • 450,000 wallets;
  • 100+ ecosystem integrations such as The GraphLayerZeroPythEtherfiOKX WalletRenzoSafe, and 30+ native applications including Ionic, KIM, Ironclad, and many more;
  • Mode Flare L3 launching in partnership with Celestia.

Mode’s growth is only getting started with blue-chip applications such as Velodrome and Balancer deploying, over 35 new native ecosystem projects, and Mode Flare L3s launching in the coming weeks. 

Source: Mode’s website

To support continued growth, Mode will organize Airdrop 2 with 500,000,000 MODE to reward users who grow the ecosystem.

To decentralize Mode protocol, there will be the launch of the ecosystem’s native token, $MODE scheduled to launch on 7th May.

$MODE Token

Mode’s tokenomics is seeking to decentralize Mode and reward users and developers who contribute to growing the Mode ecosystem.

$MODE Tokenomics

  • Ticker: $MODE
  • Total Supply: 10,000,000,000
  • Initial Circulating Supply: 1,300,000,000
Source: Mode’s Mirror

Vesting Schedule

Source: Mode’s Mirror

User and Developer Airdrops: 35%

This part is for users and developers that contribute to the Mode ecosystem.

  • 5.5%is for the Mode users and developers for Airdrop 1;
  • 5% is for the Mode users and developers for Airdrop 2;
  • the rest is for future airdrops.

Investors: 19%

For the Mode investors from past and future investment rounds.

Core Contributors: 19%

For the Mode core contributors that contribute to developing the Mode ecosystem.

Foundation and Onchain Treasury: 27%

The Foundation allocation will be used to fund initiatives to grow the MODE network.

$MODE Utility

The token will be used to govern and grow the Mode protocol and ecosystem through:

  • Mode Governance;
  • User and Developer Campaigns;
  • DeFi Integration Grants;
  • Community Grants;
  • Growing the Mode ecosystem.

Claiming MODE

Users are eligible to claim Mode by going to (the link will be accessible only on the launch day) on May 7th at 11.00 am UTC. 

Mode Airdrop 2 

  • Airdrop 1 finishes on the 5th of May;
  • Airdrop 2 begins on the 5th of May 2024 and runs until the 6th of September 2024.

NB Users who move assets off Mode may not receive their full airdrop on the 7th of May – snapshots are ongoing.

  • User points from Airdrop 1 will be replaced with MODE tokens and users can claim them on the 7th of May at 11.00 am UTC at
  • The top 2,000 wallets by points will get 50% MODE at launch and 50% MODE after 90 days. User assets must stay within the ecosystem during this period to earn the second portion of tokens.
  • For example, if a vested user is still active after 45 days, they will get 50% of the second share of tokens and 50% will be seized. All forfeited tokens will be reissued to other participants in Airdrop 2.
  • There is a minimum amount of points required to get exposure to the airdrop to prevent sybils.
  • Users will have 30 days to claim tokens from Airdrop 1 and the unclaimed ones remain for future rewards of the Mode’s users and developers.
  • Those who participated in Airdrop 1 and continue to participate in Airdrop 2 will receive a substantial multiplier.

Mode Airdrop Points

Mode is always on the avantgarde, so it aims to expand support for yield-bearing Liquid Staking and Restaking assets. Thus, the protocol wants to encourage a more efficient ecosystem for these assets.

Mode x Renzo

ezETH - Renzo Restaked ETH - 1.2x points 

*multiplier is given for assets when held in a wallet, when added to protocols the standard 1x multiplier is given

Additional assets will be added soon and multipliers will be confirmed on the Mode airdrop page.

LST/LRTs and Native Yield

The first LRT asset supported on Mode is ezETH, Renzo Restaked ETH.

Renzo is a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer. 

Source: Mode’s website

The Renzo protocol provides this by removing all complexity from the user and ensures flawless collaboration between users and EigenLayer node operators.

Users holding ezETH on Mode get:

 ETH Staking APR + Restaking APR + Eigenlayer Points + Renzo points + Mode Points

You can mint ezETH on Mode by visiting Renzo’s website and selecting Mode as the network Renzo’s website.

Money Markets on Mode

Several new money markets and asset integrations have launched on Mode that enable users to use ETH and LST/LRT tokens.

  1. Ionic - integration of ezETH into the money market;
  2. Layerbank - integration of ezETH into lending and borrowing;
  3. Sturdy - ezETH integrated into lending and borrowing.

Follow Mode on Socials



Disclaimer: Notum does not provide any investment, tax, legal, or accounting advice. This article is written for informational purposes only. Cryptocurrency is subject to market risk. Please do your own research and trade with caution.


  1. What is Mode?

    Mode is an OP Stack L2 that incentivizes and directly rewards developers, users, and protocols to grow Mode and the Superchain ecosystem.

  2. What are the key features of Mode?

    Among evident key features are an impressive set of tools for deploying dApps, an opportunity to be rewarded through fees, and its significant contribution to Optimism's Superchain ecosystem.

  3. How does the Mode blockchain work?

    Mode blockchain has several innovative features to enhance user experience and network growth with optimization of Ethereum transactions, providing a developer-friendly environment, growth mechanics implementation, and sequencer profit sharing.

  4. How to qualify for the Mode airdrop?

    You can claim MODE from on the 7th of May.

  5. How to bridge to Mode?

    First, visit the Mode Bridge. Then, connect your wallet to the Mode Bridge. After that, make sure you choose the assets that you want to bridge and that the "From" chain is Ethereum. Enter the ETH amount you want to bridge. Click on "Bridge to Mode" and wait for the transaction to be completed.