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Mode

What is Mode?        

Mode is an Ethereum Layer-2 (L2) solution built to enhance the decentralized finance (DeFi) ecosystem, particularly within Optimism’s Superchain.

Key Features

  1. EVM Compatibility: Mode allows developers to deploy applications built for Ethereum or other EVM chains quickly and easily, ensuring a smooth transition and minimal learning curve.
  2. Sequencer Fee Sharing: Mode offers developers a share of the sequencer fee revenue, enabling them to earn predictable income as their applications scale and generate transactions.
  3. Developer Support and Incentives: Mode provides hands-on support for scaling applications, access to comprehensive documentation, and financial incentives such as grants and airdrops to encourage innovative DeFi projects.

Use Cases

  • Decentralized Finance (DeFi) Applications: Mode is ideal for developing and scaling DeFi projects, offering financial incentives and support to ensure efficient growth and sustainability.
  • Blockchain Infrastructure Deployment: Developers can use Mode to deploy and integrate key blockchain infrastructure components, enhancing the functionality and reach of their applications within the Ethereum ecosystem.
  • Experimental DeFi Projects: Mode supports the development and testing of innovative DeFi solutions, providing a robust environment and financial rewards to encourage experimentation and advancement in the field.
Visit their official website to learn more:
https://www.mode.network/
Accounting Features Supported for
Mode
Cost Basis & Inventory Tracking
Soon
Unrealized G/L & Impairment Calculation
Soon
Reconciliation & Sanity Checks
Soon
DeFi Protocols
Soon
NFTs Valuation
Soon
Automated Rule Categorization
Soon
Integration to ERPs, QBO, Xero, Netsuite, etc.
Soon

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