Ionic Protocol Season 3 Eligibility for Protocol Incentives

Governance Season 3 Eligibility
1

Protocol/Project Name:

Protocol Overview:

  • Ionic Protocol is a money market for yield bearing assets with a focus on LST, LRT and RWAs. It is currently one of the leading protocol on Mode with $150M in TVL. A tiered pool infrastructure and real-time monitoring allows for advanced security and capital efficiency. The $ION token is at the center of this infrastructure. On Mode we work closely with the all deep liquidty assets, other Defi Protocols and the Mode core team to bring advanced velocity to the ecosystem. We seek to bring Mode’s AiFi narrative to life through the development of multiple agents to enable abstracted yield farming and capital optimization for any user, and further increase capital efficiency and composability within the Mode Ecosystem. More on: https://ionic.money

MS Receiver Address:

  • mode:0x8be11aBd61E07EF9d4551aCdd43bb390E3CE03Bd
  • oeth:0x8be11aBd61E07EF9d4551aCdd43bb390E3CE03Bd

Distribution Confirmation:

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

Incentive Impact Statement:

  • Ionic will strategically allocate Mode Season 3 rewards to select markets in order incentivize maximum capital efficiency across all assets on Ionic and the Mode Network itself. Coupled with ION real token emissions and the upcoming veION token model, Ionic will offer a one of a kind Money Market experience for every Mode DeFi user, where multiple vote escrow layers interact to provide the best yield efficiency possible across all apps.

Emissions will be allocated to:

  • Supply side to core assets to attract collateral;
  • Borrow side to subsidize interest rates, and allow users to borrow more cheaply and participate in the on-chain Mode economy at size/scale;
  • Emissions to newly added assets to help attract initial bootstrapping liquidity and increase TVL on Mode;
  • Emissions to support the $MODE Native Market to deepen liquidity there and enable leverage on $MODE.

Eligibility Criteria:

Additional Information (Encouraged):

Roadmap:

  • ION vote-escrow tokenomics system is in its final stages of auditing and will be released in Q4. veION is a novel approach to incentivize genuine economic activity for a money market protocol, that rewards active participation and drives the on-chain economy forward.
    At the same time, we are working with multiple ML/AI partners including Giza and Allora to maximize the protocol efficiency, yields and ease of use at every layer.

Partnerships:

  • Ionic works and partnered with all major and key players on Mode Network. We have a proven track record of incorporating and partnering with all the valuable teams from day 1, may it be new asset types/classes, security researchers, oracle providers, or AI agents. We are always on the lookout for fruitful partnerships to enhance the protocol and experience of the users and the whole network.

Contact Information:

  • @ionicmoney (TG, X)