Mode is the Modular DeFi L2 building the Superchain alongside Optimism. The goal of Mode is to empower developers and users to grow an ecosystem of world-class applications and be directly rewarded for their contribution.
Why Mode? Because they created a better airdrop system, by collaborating with top data scientists to create a rewards system that's both transparent and fair. The clarity and consistency is prioritized, and the users will be rewarded for meaningful contributions to ecosystem growth.
The point system is supposed to be far more efficient than an airdrop based on volume, transactions or period of time. Each interaction with Mode protocols will help users to earn points, and the farming can be accelerated through active participation in decentralized finance!
My past activity on chains like Ethereum, bridging to Mode, referrals, and app usage within the ecosystem were transformed into points. This points were used to determine my $MODE allocation, and I received 338 tokens for the effort. Not huge, not laughable like my $BLAST airdrop!
Season 2 has allocated 500,000,000 $MODE tokens, 5% of MODE total supply, plus up to 1,000,000 OP tokens incentive. Users can can earn multipliers on base asset points when they add those assets to the DApps highlighted on the Mode Dashboard.
The users will now earn a Global Multiplier on all of their activities, including staked $MODE. Season Two must be better than the first one, as my hustle enhanced! I already got 1000 points and two referrals! The hustle never stops!
Each interaction with Mode protocols will helped me to earn points, and the farming can always be accelerated through active participation in decentralized finance! This is when Across comes to the rescue! Not only you move your funds hustle free, but you will also earn 95% of the fees in $OP when bridging to Mode!
Across is by far the fastest and most financially efficient bridge! The Mode Snapshot proposal has successfully passed quorum and now you can use Across for cross-chain transfers! This is big for me, as I can bridge my assets worry-free with Across! It's time to embrace Season Two and start earning some points!
There's still hope for other drops, now that I can bridge faster and cheaper with Across! I will use Layer3 to earn more points on Mode, and interact with various protocols. You can mint CUBEs on Mode, and interact with those protocols that will boost your chances. Start your journey and hopefully the 2025 will come with bounties
Improved my interaction on Ionic, where I supplied another more ETH and USDC. I was a bit disappointed I wasn't eligible for the $ION airdrop, but didn't expect much with 20 USDC supplied in there.
I am constantly checking new opportunities for both yields and points boosts. This made me add $ION - $wETH LP on Velodrome, and earn $MODE, Mode Points, Ionic Points and trading fees! Can't complain about the APR either, as the median was close to triple digits.
ModeChat is a social platform where you can leave blockchian footprints on Mode. You can use it for socializing, making new friends, and even as a DEX. My favorite part is the integrated NFT minting tool, where you can create your own Non-Fungible tokens. Check the UMfluencer NFT I created in there!
I decided to improve the staked $MODE for a small upgrade towards points farming. Didn't invested anything, swapping the yields obtained on different protocols and quest rewards from Layer3. Claimed the $MODE earned on Velodrome, and added those to the other batch of tokens. So.. I become a Mode Chad!
My staking portfolio trippled? and I now have 1200 $MODE farming points and earning $OP rewards. Now and then I am eligible to claim 0.1 $OP from Hedgy, the protocol chosen to reward the stakers. It's a dynamic reward, depending on the user's holdings and total $MODE staked!
Few weeks gone and claimed another stash of $MODE from Velodrome. The emissions APR got bigger since last time, and at 93.85% I farmed 172 tokens throughout September and October. Many happy returns!
The Kim Exchange token went downhill since I dived into it! The price of $KIM went down from $0.04 to only $0.005 at the time of writing. I added almost 100 USD into $KIM, then staked them and earned about a fiver of xKIM. My holdings has halved in value since then!
On the flip side... xKIM now rewards the holders with xKIM and wETH-USDC combo, making the dump not too bad! I am joking ... my investment is 53% down and I am watching it bleed! Wishing for better days! I will let the rewards pile up and claim them as a Christmas bonus!
Residual Income:
Airdrop Hunting: Layer3 / Mode / blast.io/HJEUV / Linea
50% discount on Scroll Canvas: use code TFNWC
Content: Publish0x/ Hive / GrillApp
Play2Earn: Upland / Splinterlands / ++Doctor Who++
Cashback Cards: Plutus Card / Crypto.com
$ZEC: PipeFlare / GlobalHive
PVM The Author - My Amazon Books
