L2 Standard Bridged WETH (Mode) (WETH)

L2 Standard Bridged WETH (Mode) (WETH) is a key component of Mode’s ambitious goal to shape the future of decentralized finance (DeFi) for a global audience. With significant financial backing, including a $6 million operational grant, Mode is dedicated to building robust infrastructure, assets, and applications to facilitate onchain finance access for billions of users. The network boasts an impressive total value locked (TVL) of $500 million, having facilitated over 24 million transactions and attracting 367,000 users to its DeFi ecosystem.

This innovative protocol is constructed on secure Layer 2 infrastructure in collaboration with Optimism, hosting over 50 DeFi applications. These applications form a dynamic onchain financial ecosystem that rewards contributions to network growth and user engagement. Through partnerships with established protocols like Ethena, Etherfi, and Renzo, WETH users can access yield-bearing assets, increasing earnings within the Mode ecosystem. Furthermore, the integration of AI-driven onchain agents promises to enhance trading and yield optimization strategies for participants.

Besides yield opportunities, Mode incentivizes users through various season-based reward programs, such as distributing 500 million Mode tokens in Season 2 and additional rewards for restaking ETH with partner protocols. Users can further capitalize on their contributions by engaging with decentralized applications within the ecosystem, including next-gen AMMs and lending protocols. As the Mode network develops, the focus remains on empowering users and refining onchain financial strategies to maximize returns in a rapidly evolving market.