Mode, the Modular DeFi L2, is building the Superchain in collaboration with Optimism. By creating new economic systems on-chain, Mode enables developers to scale their apps, offering users higher yields.
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How to participate
Here's a step-by-step guide to participating in Bybit Spot X Launchpool projects.
Terms
Stake your funds and get tokens for free.
During this period, stake MODE, USDT or MNT to earn a share of the 15,000,000 MODE prize pool!
To participate in staking on the Bybit Pool you need to complete KYC Level 1 verification
- Total Rewards: 4,500,000 MODE
- Min. Stake Amount: 200 MODE
- Max. Stake Amount: 50,000 MODE
- Total Rewards: 3,000,000 MODE
- Min. Stake Amount: 100 MNT
- Max. Stake Amount: 10,000 MNT
- Total Rewards: 7,500,000 MODE
- Min. Stake Amount: 100 USDT
- Max. Stake Amount: 2000 USDT
Daily Yield = [(MODE, USDT or MNT staked amount) / (Total MODE, USDT or MNT staked by all participants)] x (Daily MODE Prize Pool)
The daily yield will be calculated from the next day (T+1) after staking MODE, USDT or MNT. The calculated yield will be automatically credited to your funding account the day after the calculation period (T+2). Yield information will be updated daily at 03:00 MSK.
Our participation
We'll be entering the USDT pool with the maximum limit of $8,000 from 4 of our accounts. After the staking is complete, we'll share our results. The USDT pools are ABSOLUTELY RISK-FREE!
It's not necessary to withdraw the deposit early. The staking history will show the auto-redemption date, and after the pool closes, you'll receive additional rewards for those days, resulting in higher yields than during the active period, as some participants withdraw early.
Our results
Staking in the Bybit Pool with the MODE token has ended. We received 7 payouts, with 2000 USDT yielding 164 MODE coins, which is about $6 today (as of 05/15/2024, the rate is $0.037).
We participated with 4 accounts at the maximum USDT, receiving a total of 656 MODE, which is $24. This is the lowest profit we've made from such pools, but it's absolutely RISK-FREE. We don't plan to sell the coins yet; we'll try to sell them at a higher price since the rate has dropped now.
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