What is Mode? The DeFi Hub of Optimism Superchain

What is Mode? The DeFi Hub of Optimism Superchain

The DeFi landscape is evolving rapidly, with numerous Layer 2 solutions emerging to address Ethereum's scalability challenges.

Among these, Mode stands out as a unique network, focusing on fostering innovation in the decentralized finance (DeFi) space while providing developers with the tools and support they need to scale their applications and achieve growth.

Built on the Optimism ecosystem using the OP Stack, Mode is EVM-compatible, enabling developers to easily deploy their smart contracts from Ethereum or other compatible chains. However, Mode's true value lies in its product innovation and clear vision of becoming the DeFi hub of Optimism Superchain.

One of the key differentiators of Mode is its dedicated team of DeFi natives who possess extensive knowledge and experience in the space. The team's focus on helping builders go to market, drive growth, and transform their projects into thriving startups sets Mode apart from other Layer 2 solutions.

When it comes to the ideal developer profile for Mode, the platform welcomes all types of developers interested in exploring the DeFi space. However, developers with a keen interest in finance, a love for math, and a passion for building complex systems are particularly well-suited for Mode.

Mode boasts an impressive array of projects and protocols, catering to various aspects of DeFi and gaming. Some notable examples include Astaria, a lending protocol with a unique 1-to-1 Oracle solution and a Dutch auction for the API.

Developer Opportunities on Mode

Moda offers a wide range of opportunities for developers to get involved in the ecosystem and contribute to its growth. Some of the current initiatives include:

  1. Mode Yield Accelerator: The first cohort of the Mode Yield accelerator is starting soon, providing support to teams with cash prizes, investments, go-to-market strategies, and other resources to help them grow and succeed in the DeFi space.
  2. Retail Funding: As part of the Optimism ecosystem, projects deployed on Mode are eligible for retail funding, presenting an excellent opportunity for ecosystem partners to apply.
  3. Tech Ambassadors Program: Mode welcomes developers interested in creating content, writing articles, and promoting the ecosystem to join their Tech Ambassadors program, fostering a community of passionate advocates for the platform.
  4. thirdweb Startup Program: Mode has partnered with thirdweb to offer the startup plan, which provides gas sponsoring and covers deployment costs for startups, making it easier for them to get started on the platform.

Getting Started with Mode

For developers looking to get started with Mode, the first step is to explore the platform's dashboard and interact with the various DeFi protocols available. This hands-on experience will provide valuable insights into the value proposition and unique features of the Mode ecosystem. With its EVM compatibility and user-friendly tools like thirdweb, deploying smart contracts on Mode is a straightforward process, allowing developers to focus on building and innovating.

Mode's commitment to being the DeFi hub of Optimism and its dedicated team make it an attractive option for developers looking to create new DeFi opportunities and contribute to the growth of the ecosystem.

Mode's Vision for the Future

As Mode continues to evolve and expand, its focus remains on fostering innovation in the DeFi space and providing developers with the tools and support they need to succeed. By leveraging the power of the Optimism ecosystem and the OP Stack, Mode aims to create a thriving DeFi ecosystem that attracts users, developers, and investors alike.

Looking ahead, Mode plans to further enhance its offerings and initiatives, providing even more opportunities for developers to get involved and contribute to the growth of the platform. With its commitment to speed, velocity, and delivering value to its users, Mode is well-positioned to become a leading player in the DeFi space, driving the adoption of decentralized finance and creating new opportunities for developers and users alike.

Building DeFi apps on Mode

Mode, built on Optimism Superchain, offers an innovative DeFi hub with EVM compatibility and strong developer support. With unique features and growth opportunities like the Mode Yield Accelerator and thirdweb Startup Program, Mode is set to drive the future of decentralized finance. 

thirdweb's full-stack web3 development kit makes it easy to build on Mode:

✦ Frontend: Client-side SDKs to connect users to web3
✦ Backend: Scalable contract APIs backed by secure wallets
✦ Onchain: Pre-built & extendable contracts