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Optimism Foundation To Grant 2 mn OPs
Mode, a Modular DeFi Layer 2 network, is set to receive up to 2 million OP +5.51% tokens, worth $5.3 million, from the Optimism Foundation.
The network, built using Optimism’s OP Stack, will commit a portion of its sequencer revenue to the Optimism Collective and opt into the Law of Chains, an open neutrality framework.
Mode aims to become a DeFi hub for the Superchain, focusing on growing interoperable DeFi applications and infrastructure.
It will continue to develop open-source tools for the Superchain ecosystem, including native yield, smart treasuries, and on-chain AI agents.
(With inputs from Shikha Singh)
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