L2 Network Mode Announces DevDrop First Month Allocation
2024-04-24 05:43:29
On April 24th, the L2 network Mode based on the OP Stack announced the distribution of the first month of DevDrop (March 2024). These NFT rewards will be distributed to multiple teams over the next 7 days, and the assigned projects include Renzo, StakeStone, IONIC Protocol, etc. The project party will receive a certain number of NFTs based on its DevDrop score, including Mode Photons and Mode Orbs, of which the number of Photons is 10 times that of Orbs. The on-chain criteria for determining DevDrop are as follows: TVL, transaction fees, transaction volume, and users, in addition to multipliers based on whether it is a native project and feature, mitigating liquidity imbalances through incentives, deployment time, etc. Mode says that projects that do not distribute DevDrop to users will cancel their DevDrop and will be removed from any future distribution, and projects that do not distribute DevDrop in time will also be removed from the program.
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