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2️⃣ Season 2 (ended)

Airdrop 2 began on May 5th, 2024, and runs until October, 2024.

{% hint style="info" %} Season 2 Airdrop is live, you can check your status on your Mode Dashboard here. {% endhint %}

Summary:

  • 500,000,000 MODE tokens, 5% of MODE total supply available. This amount will be increased.
  • Up to 1,000,000 in OP tokens incentives
  • MODE staking is available to earn points multipliers and ecosystem airdrops

Airdrop Season 2 is designed to reward users and developers that continue to grow the Mode ecosystem.

Airdrop 2 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.

Earning points in season 2

1. Assets on Mode and Asset Multipliers

All users on Mode get 70.5 points per ETH or $ equivalent indexed token per week. Users can see which tokens are indexed on their Mode dashboard.

Asset multipliers may be applied to help new assets bootstrap on Mode. Asset multipliers are available on the Mode Dashboard.

Assets on Mode:

  • 2x Mode Points – $MODE
  • 1.2x Mode Points – ezETH, weETH.mode, MBTC, rsETH, STONE/CSTONE
  • 1x Mode Points – All other assets shown on the Mode Dashboard

**This is tracked and will be reflected in your points from May 7th

2. Dapp and Asset Mode Points Multipliers

Users on Mode can earn multipliers on base asset points when they add assets to applications that are shown on the Mode Dashboard.

The following multipliers are being applied in season 2.

DEXs:

  • 5x Mode Points – All $MODE pools + ETH/USDC pair
  • 3x Mode Points – All other DEX Liquidity Pools

Lending Protocols:

  • 3x Mode Points – All $MODE pools
  • 2x Mode Points – All other lending pools

**This is being tracked and awarded from May 7th, but will not be reflected in your Daily Points update until next week.

3. $MODE Staking Multipliers

Users will be able to stake their $MODE tokens to earn a Global Multiplier on all of their activities for Season 2.

  • If users stake $MODE greater than 50% of the value of their total Assets on Mode (updated daily) – they will receive a 1.5x multiplier on all Mode Points
  • If users stake $MODE greater than 25% of the value of their total Assets on Mode (updated daily) – they will receive a 1.25x multiplier on all Mode Points
  • e.g. if the user had a portfolio value of $100k on Mode today, they would need to stake $25k or more of $MODE to be eligible for the 1.25x multiplier.

Read more in staking.md

In addition, users that stake $MODE can earn airdrops from ecosystem teams and in the future staking $MODE will earn revenue via restaking to secure Mode’s L3 ecosystem.

**This is being tracked and awarded from May 7th, but will not be reflected in your Daily Points update until later this week.

4. Transaction Fee Points

As with Airdrop 1, users receive Mode Points for transaction fees paid on Mode. These fees are calculated by the gas spent when interacting with protocols to trade, swap, stake, lend and mint on Mode.

5. Volume points

Volume points aim to reward users for their transaction volumes across key pools on Kim, Supswap, SwapMode, Velodrome, and more with a share of 5 million points daily. These points will be distributed based on the users' share of the volume for that day. We run the calculations daily.

Why do we do it?

The primary goal of Activity Points is to incentivize genuine transaction volumes on Mode. By excluding volumes from smart contracts, including multisig wallets, we ensure that rewards are allocated to individual users who actively participate and contribute to our ecosystem. This helps maintains the integrity of our reward system and fosters a more engaged community.

How does it work?

  1. Participation: Users swap tokens within designated pools on supported dapps. Check volume pairs support in #supported-volume-pairs
  2. Volume Calculation: The total volume from these pools is aggregated daily.
  3. Point Distribution: Points are distributed based on each user’s share of the total daily volume. For example, a volume of 10 ETH will contribute to the user’s share of the total daily volume, impacting their points accordingly.

Key Details

  • Start Time: Activity Points start accumulating from Block 9227209.
  • Daily Updates: Calculations are confirmed daily at 11am UTC, and users can view their updated Activity Points on their dashboard at approximately 11.05am UTC.

Additional Information

For more details and to check eligibility, visit our Dashboard. Stay tuned for further updates as we continue to enhance our platform and deliver value to our community.

Supported Volume pairs

PAIRkimv4swapmodesupswapizumivelodromekimv2BetModemultipliermantissa
ETH/USDC0x468cc91df6f669cae6cdce766995bd7874052fbc0x50273860341bb80de359cd391bef9b2eb228753c0x0a736e361ab594d7c0c692eb9c5c86b75d6f666c, 0x9aa04739b93ff30eda4080d3e62c2d161f8dda44, 0xd87f0dd632cce09e3f78919c4399f4676bdaab9d, 0xf2e9c024f1c0b7a2a4ea11243c2d86a7b38dd72f0x360bb3448d39bc614de5dc05cf299679181fa8aa,
0xe3bed2358e4aabb4b4f835a222cc4a6c71493a2e		0xcc16bfda354353b2e03214d2715f514706be044c0x293f2b2c17f8cea4db346d87ef5712c9dd0491ef-1-
weETH/WETH0xe24c8feb38ca2b18b542994bfba7e708801710350x3a7f9f4e5917d0342e49988e0516ecd7e946e7180x07ba129b00a91e7b9f9c505c263ac6b2c453a5ea,
0x29f0ea0266931831a9cdadfa65931bc01c06dd5b,
0xead81d090870a5293131095f0b351a006183c03f,
0xf6772e0fe8c7cb9c0b9900a46d463c9e352f3dc8		0x308b4e527cd958d11314f829397149a0cb70b044,
0xe1b5f93e72bcb6891e63ca0f1e25fc13c64c2203		0x53e85d00f2c6578a1205b842255ab9df9d0537440x62c08a8f137195e1ef89fc02a74654c3b76f57c3-1-
ezETH/WETH0xd9a06f63e523757973ffd1a4606a1260252636d20xd5cfdbc1d0e93b04c92f0e4f0c6270b8a5632d050x00551f0ee010f73c4760de6558019f15c2b222e5, 0x7a55c67aaf235cc6620f207a7da74438aac0b58e, 0xcb4aed6bfb7698ef034b01b59123178cab5270c6, 0xde1f05455c3223c5cdab8953a6a7ae55634eb8920x3c31ba7d08807c1b511de87729a2dd780490f378,
0x82696a001c1c7782fe761bbf15b5af46ba34c261		0x44c6ccea1f549dc28bacec12edec580f8e1b64cd,
0xf05b706826b50122b35cafd31c95ff7a3d6d078e		0x812d54d483bf049980af7ceb57dbf77fa186d063-1-
MODE/WETH0x8cfe2a02dfbabc56ae7e573170e35f88a38bea550xd724540f997337100b0da0ce5a8df39f15fbb7b30x5af5c0d446468a55efcf26d8e1d291b1757516450xd0b3bd22f520d5dd3f5c6135dd9097149e463dc1,
0x250f5d65a75459f04f1b8654855ae85364f1ff9b		0x0fba984c97539b3fb49acda6973288d0efa903db0x813f4f7bd6b278fca601cac8d548bf1daca96e44-1-
KIM/WETH0x3c3a173984e3152fed868345904ec0c9325fa516----0xc5140f1a2baa2055f210a77422a0d473a4b170d6-1-
ION/WETH0x0f73de1ddbe848853f27cbf6e2b4f9e95bf486850xbd2b4eccfbdefe72ac0fef2e1f8d8568af3c157b--0xc6a394952c097004f83d2dfb61715d245a38735a0x61d93e14d8221b5ebaf480c3b1dce6da7491d9e2-1-
wrsETH/WETH0x27f0976b26194c448d987c275bb409eab60839640x7794a80b2d36f35239bd2fcc77ca0e2d2e47d9a30xaa0e56779aef399910f6accbf9f551d94a61c1fd, 0x02505c0db3a15b61cbbe497f5ce8a09b3b9e72a4--0xd64da7fe45436e9be04c9ff3ccbbc5e1751fb872-1-
USDT/WETH0xd8abc2be7ad5d17940112969973357a3a35629980xe1b9041bc284651bbb7a8bd0b2edbfbdf56d2fdc0x4aeeca350f08b546ce1451b3a128f5cc8991a80c, 0x962e5982c1507af4ea5af2d6a25774f6e93b50d4, 0xde7f9b8b6c1756f1b6d3da65afa922c978caa5dc, 0xf560a076be74308bb78d3c6b51345cf4457e49a90xad03a64095d15acdbd3f14a2624533e365874b83,
0x49384ba5a4f047e0466e5e799386e45fd5bd53a4		0x8b4b4f47e62e7bd8b36a5ef6ebd2ac9d2ddd0b0f0xf4c85269240c1d447309fa602a90ac23f1cb0dc0-1-
WBTC/WETH0x15173cca4c4c4e5a3f4b5c0e81a1aef7c0bd6ede0xc8dab61bc9d83123649691120d1c8350e41abd600x42ff7320a5bf8d4321c5d97e63bdde9bead43a19-0x77819dcdf28eb9c885fe26b444277c84d51722d40x98514bc2629061a8a4fd0f9b07766200dcf461c4-1-
MBTC/WETH0x79bcc8cf4b017e445293b28d256f40558797a8760x03108a2efdd0b74293c4dd40b24f72e4f6d7f6100x8836f7741214aced46d928158b01f3bce11e14c3, 0xf9cd7bf85dbbf20d786068dd17210b471cf10f690xb4fc23240766d1671cb1487063c9cfbe340c31a2-0x84b8953bb9d77a24559226e16ce217c5ca166d88-1-
STONE/WETH0x2509aebb0ea268439bf7aaabe52e621277a769330x71750e746db0ed0c6df9d9b88f36ebc5eafe295d--0x5613b76ed4cf65d771baa5e68cea787a8ff43cad0xf06bccc951811e6a56ba71c2c7447f7e2b1d0c32-1-
KIM/MODE0x86d9d9dd7a2c3146c6fad51646f210cb2e5fc12f----0x6d2c0e67bb0c34f96e7d6903841f40da1c80ed76-1-
ION/MODE0x2a5475ee65599064a53724255b5066bbb21eb1650x610fd7a0fa1e3ea319ed293d2944036826dbfa39--0x690a74d2ec0175a69c0962b309e03021c0b5002e0x07a494212abaf9551121384d31ea553fd6034fdf-1-
SMD/ETH0xc16a85e81244e5fca47283bb42ad8618f3c398bc0x7f3315d773350883ebb4f643ab5ec0d32d162c8a---0xecd1fadbf56fd6a0c9b561969aed4ee27590ad01-1-
Yolo0x79b4be7ed13eef58bd15abd6ed79569f21d6c3af0x79b4be7ed13eef58bd15abd6ed79569f21d6c3af0x79b4be7ed13eef58bd15abd6ed79569f21d6c3af0x79b4be7ed13eef58bd15abd6ed79569f21d6c3af0x79b4be7ed13eef58bd15abd6ed79569f21d6c3af0x79b4be7ed13eef58bd15abd6ed79569f21d6c3af0x79b4be7ed13eef58bd15abd6ed79569f21d6c3af