Betmode Season 3 Eligibility for Protocol Incentives

Governance Season 3 Eligibility
1

Protocol/Project Name:

BetMode

Protocol Overview:

BETMODE is an on chain igaming platform allowing anyone to become the house through transparent, community-powered liquidity pools. Our platform bridges the gap between DeFi and gaming, offering users yield-generating opportunities while enabling protocols to integrate their native tokens in an engaging, decentralised environment. BetMode is live across Mode, Base, and Optimism networks, providing cross-chain gaming and liquidity opportunities.

Key Features:

  1. Casino Suite:

    • Liquidity Provision: LPs can deposit to existing pools or open pools using stablecoins to act as the house
    • Yield Generation: LPs earn yield from on-chain casino through direct revenue distribution.
    • Fair and Transparent: Provides a transparent and fair gaming experience powered by smart contracts.

  2. PvP (Player vs. Player) Suite:

    • Token Integration: Can integrate any token into PvP gaming experiences.
    • Community Engagement: Enhances token utility and fosters engagement within token-specific communities.
    • Fully On-Chain: Ensures transparency and security in all gaming interactions.

Unique Selling Points:

  • Democratised Gaming: Empowers users to become the house, decentralising the traditional casino model.
  • Cross-Chain Compatibility: Expands reach and liquidity by operating across multiple networks.
  • Token Utility Expansion: Adds real-world utility to tokens by integrating them into gaming scenarios.

MS Receiver Address:

Mode: 0xd2d87c07c512Dc2351EeD3df77Ce04A73674C5f2
Optimism: 0xd2d87c07c512Dc2351EeD3df77Ce04A73674C5f2

LP Addresses:

Distribution Confirmation:

We confirm that we will use Merkl to distribute the incentives received.

Incentive Impact Statement:

Objective: To incentivise liquidity provision and increase platform volume, thereby enhancing the Mode network’s ecosystem.

Utilisation of Season III Incentives:

  1. Liquidity Provision Incentives (40% of Incentives):
    • Purpose: Reward LPs who contribute to our casino liquidity pools on the Mode network.
    • Impact: Enhances liquidity depth, improves user experience, attracting more players.
    • Mechanism: LPs receive MODE token rewards proportional to their liquidity contribution and staking duration.
  2. Player Participation Rewards (40% of Incentives):
    • Purpose: Encourage active participation in Casino and PvP games.
    • Impact: Increases user engagement, attracts new users, and boosts transaction volume.
    • Mechanism: Players earn MODE tokens based on gameplay metrics such as wagered amounts, game frequency, and participation in special events.
  3. Token Integration Incentives (20% of Incentives):
    • Purpose: Motivate DAOs, dApps, and token communities to integrate their native tokens into our PvP suite.
    • Impact: Expands token utility, fosters new community engagements, and brings additional users to the Mode network.
    • Mechanism: Offering MODE token rewards to protocols that integrate their tokens and achieve predefined activity milestones.

Expected Outcomes:

  • Increased TVL: Enhanced liquidity will raise the total value locked on the Mode network.
  • Higher Transaction Volume: More active users and games will drive up transaction counts.
  • Ecosystem Growth: New token integrations and partnerships will expand the Mode community.

Eligibility Criteria:

BetMode meets all the eligibility criteria for the Season III incentives:

  • Active Deployment on Mode: Our platform is fully operational on the Mode network.
  • Open-Source Protocol: Our smart contracts are open-source and available for community review.
  • Security Audits: Completed rigorous security audits by Midgar, ensuring platform safety.
  • Value Addition: Contributes to the Mode ecosystem by increasing liquidity, transaction volume, and providing new utilities for MODE tokens.

Platform: https://www.betmode.io

Contact Information:

Conclusion:

We are confident that the Season III incentives will significantly amplify BetMode’s contribution to the Mode network. By effectively utilising these incentives, we aim to enhance liquidity provision, boost transaction volume, and foster ecosystem growth. Our commitment is to not only grow our platform but also to deliver substantial value to the Mode community.

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