What is Mode Network?
Mode Network is an Ethereum Layer 2 built on the OP Stack, launched in early 2024. Mode differentiates itself through its focus on user incentives—implementing an aggressive referral and points system that rewards both users and the protocols they interact with.
As part of the Optimism Superchain, Mode benefits from shared technology and potentially shared liquidity with other OP Stack chains like Base and Optimism itself. The network has attracted significant attention through its points program, with users farming MODE tokens through on-chain activity.
For yield farmers, Mode offers the combination of standard DeFi yields plus points accumulation that converts to MODE tokens. This dual-incentive model can significantly boost total returns for active participants.
Why Mode for Yield Farming
Mode presents compelling opportunities:
Points System: Active users earn points that convert to MODE tokens OP Stack Foundation: Battle-tested technology from Optimism Superchain Membership: Part of growing OP ecosystem High Incentives: New network with aggressive growth programs Developer Rewards: Protocols on Mode share in incentivesUnderstanding Mode Points
How Points Work
Mode's points system rewards ecosystem participation:
User Points:- Earned through bridging, transactions, and DeFi activity
- Multiplied by asset holdings and consistency
- Convert to MODE tokens in distribution events
- Earn 16% of your referrals' points
- Multi-level structure for active referrers
- Significant boost for community builders
- Protocols earn based on TVL and activity
- Can distribute to users as additional incentives
- Creates aligned incentive structure
Points Multipliers
| Activity | Multiplier |
|---|---|
| Base bridging | 1x |
| Active DeFi usage | 2-3x |
| Holding assets | Ongoing accrual |
| Referrals | +16% of referral activity |
| Protocol-specific | Varies by protocol |
Top Yield Opportunities on Mode
1. Kim Exchange - Native DEX (15-50% APY + Points)
Kim is Mode's leading DEX:
Concentrated Liquidity: Uniswap V3-style positions KIM Token: Governance and rewards Points Integration: Activity earns Mode points Popular Pools:- ETH/USDC: 20-35% APY + points
- MODE/ETH: 30-50% APY + points
2. Ionic Protocol (8-25% APY + Points)
Lending protocol on Mode:
Supply Rates:- USDC: 8-15% APY
- ETH: 5-10% APY
- MODE: 10-20% APY
3. SupSwap (12-40% APY + Points)
Alternative DEX:
AMM Pools: Standard liquidity provision SUP Token: Rewards for LPs Farming Programs: Additional incentive pools4. Mode Native LST Strategies
Liquid staking integration:
wstETH Usage:- Bridge wstETH to Mode
- Use in lending/LP for stacked yields
- Earn Mode points on activity
5. Ironclad Finance (10-30% APY)
Lending protocol:
Markets: Multiple asset support IRON Rewards: Protocol incentives Points Compatible: Activity counts6. LogX (Trading Yields)
Perpetual trading protocol:
LP Vaults: Provide liquidity for perps Trading Fees: Earn from leverage traders Points Earning: Active usage rewardsHow to Get Started on Mode
Step 1: Bridge to Mode
Official Bridge (bridge.mode.network):- Ethereum to Mode: 10-15 minutes
- Simple interface with points tracking
- Supports ETH and major tokens
- Superbridge: OP Stack native bridge
- LayerSwap: From exchanges
- Orbiter: Multi-chain option
Step 2: Configure Wallet
Add Mode to MetaMask:
- Network Name: Mode
- RPC URL: https://mainnet.mode.network
- Chain ID: 34443
- Symbol: ETH
- Explorer: https://explorer.mode.network
Step 3: Connect to Points Dashboard
- Visit mode.network to track points
- Connect wallet to see accumulation
- Link referral code if you have one
Step 4: Start Earning
Conservative: Ionic lending (8-15% APY + points) Moderate: Kim LP positions (20-35% APY + points) Aggressive: Active trading + referrals (variable + significant points)Best Protocols on Mode
| Protocol | Type | TVL | Typical APY | Points Earning |
|---|---|---|---|---|
| Kim Exchange | DEX | $50M+ | 15-50% | Yes |
| Ionic | Lending | $40M+ | 8-25% | Yes |
| SupSwap | DEX | $20M+ | 12-40% | Yes |
| Ironclad | Lending | $15M+ | 10-30% | Yes |
| LogX | Perps | $10M+ | Variable | Yes |
| Velodrome | DEX | $10M+ | 15-35% | Yes |
MODE Token Strategies
Points to Token Conversion
Points convert to MODE during distribution events:
- Multiple seasons/epochs
- Conversion rate depends on total points
- Early seasons may have better rates
MODE Token Usage
When distributed:
- Governance participation
- Potential staking
- LP opportunities
Maximizing Points
Consistent Activity: Regular transactions beat sporadic large ones Multiple Protocols: Diversify across Mode DeFi Referrals: Build referral network for bonus Hold Assets: Ongoing point accrual for holdingsRisks Specific to Mode
New Ecosystem
Mode launched in 2024:
- Protocols minimally battle-tested
- Smart contract risks higher
- Lower liquidity than established L2s
Points Speculation
Points program carries uncertainty:
- Final MODE value unknown
- Conversion rates may disappoint
- Farming costs may exceed rewards
Competition
Mode competes with other OP Stack chains:
- Base has Coinbase backing
- Optimism has first-mover advantage
- Liquidity fragmentation across Superchain
Protocol Risk
Individual Mode protocols:
- Less audited than established alternatives
- Smaller teams and resources
- Higher smart contract risk
Regulatory Uncertainty
Points/token programs:
- Regulatory status unclear
- May face scrutiny
- Geographic restrictions possible
Maximizing Mode Yields
Stack All Incentives: Base yield + token rewards + points Referral Network: Significant multiplier for active referrers Consistent Presence: Regular activity beats sporadic Early Protocol Adoption: New Mode protocols often have best incentives Track Seasons: Points epochs may have different rulesFAQ
What are Mode points worth?Points convert to MODE tokens during distribution events. The value depends on total points issued and MODE token price. Early seasons typically offer better conversion rates.
Is Mode safe?Mode uses OP Stack technology, which is battle-tested. However, the network itself and its protocols are new. Start with small amounts and increase as you gain confidence.
How do referrals work on Mode?You earn 16% of your referrals' points. This compounds—if your referral refers others, you benefit from their activity too. Active community builders can earn significant bonus points.
Should I bridge to Mode for points?If you're actively using DeFi, Mode can offer competitive yields plus points upside. For passive holders, the points benefit may not justify bridging complexity.
How does Mode compare to Base or Optimism?Mode is newer with more aggressive incentives but less ecosystem development. Base has Coinbase backing and larger TVL. Optimism is most established. Each has different risk/reward profiles.
Will MODE token have value?MODE is designed for governance and potentially staking/utility. Value depends on network success and tokenomics. As with any token, value is not guaranteed.
Ready to explore Mode yields? Fensory tracks opportunities across the Mode ecosystem, including points optimization and DeFi yields.[Discover Mode Yields on Fensory →](https://www.fensory.com)