Protocol/Project Name:
- SwapMode
Protocol Overview:
- SwapMode is the go-to DEX on the Mode Network, redefining the liquidity and trading landscape with a suite of powerful tools designed for both new and advanced users. It’s not just a DEX—it’s a comprehensive platform for seamless, flexible, and efficient asset swaps. It is built to cater to everyone’s needs, offering an array of advanced features such as V2 and V3 liquidity pools, ALM, boosted farming, real yield staking, xToken mechanisms, and even NFT integration and cross-chain bridging. This makes SwapMode an all-encompassing hub for DeFi, delivering everything needed for a robust trading experience.
At the heart of SwapMode lies an innovative approach to Concentrated Liquidity Automated Market Makers (AMMs). Making liquidity provision far more capital efficient, boosting potential returns. Liquidity providers have full flexibility to choose how much risk they want to take on while maximizing their returns. Protocols & Users can also inject multiple rewards into liquidity pools, allowing users/providers to earn multiple rewards streams from farming incentives and partner token rewards—all in a permissionless environment. SOR is a state-of-the-art mechanism designed to ensure that users get the most competitive prices on their trades, while also keeping gas fees and slippage to a minimum.
SwapMode is the first DEX to integrate and onboard Merkle technology by Angle Protocol on Mode Network, which takes reward distribution to a whole new level for everyone. By using Merkle proofs, SwapMode ensures that rewards are distributed transparently and efficiently.
We not only offering swap fee earnings, but also a revolutionary real yield model. When users hold the protocols native tokens, they earn a portion of the swapmode ecosystem fees, which are collected from swap transactions & other sources on the platform. But that’s not where the rewards end—SwapMode also allows users to earn gas fee revenue from the Mode Network(SFS).
Target Audience -
- Beginner traders seeking an easy-to-use platform with low fees and simple, yet effective, liquidity provision options.
- Advanced traders and liquidity providers who want more control over their positions, access to concentrated liquidity, and real-time market data to optimize their strategies.
- Developers and protocols looking to expand their liquidity on Mode, leverage dual-income streams, and reinvest rewards to enhance their ecosystems.
- Yield farmers interested in maximizing returns through boosted farming incentives, real yield staking, and multiple reward mechanisms.
MS Receiver Address:
- 0xcA87e63Ddb25D0D3b1cb0FAc07A774FA3C316fB8
Distribution Confirmation:
*We confirm that we will use Merkl to distribute the incentives received.
Incentive Impact Statement:
- The Season III token incentives will be a powerful tool for driving user adoption on SwapMode. By using these rewards to incentivize liquidity provision (Pools like WETH-USDC, MODE-ETH, SMD-MODE, Partner pools & others), we’ll attract more liquidity providers, which will enhance the overall trading experience and lead to deeper, more efficient pools on the mode network. As users see the benefits of earning rewards through liquidity provision, this will encourage further engagement and participation, boosting user growth on the network & dapp.
These incentives will not only drive short-term adoption but also contribute to long-term sustainability by creating a strong, loyal user base & igniting the Swapmode flywheel of liquidity & real yield powered by volume (swap fees). As users continuously provide liquidity and earn rewards, traders will get better rates and generate more fees for real yield staker of ecosystem. SwapMode’s ecosystem will become more robust, encouraging further development and growth on Mode Network.
Eligibility Criteria:
Additional Information (Encouraged):
*Roadmap: *In-House Lending, Borrowing & Leverage Trading
We’re excited to launch in-house lending, borrowing, and leverage trading soon! This will allow users to seamlessly lend and borrow assets, unlocking leverage trading opportunities for higher returns. By boosting liquidity and trading activity, this feature will enhance the Mode Network by attracting more users and increasing asset utilization, making it a more robust DeFi hub.
*Partnerships: *We’re partnering with A51 Finance to bring automated liquidity management (ALM) directly to SwapMode. Users can leverage A51’s advanced, bot-managed strategies to automate their liquidity and optimize returns without manual effort. This integration will boost liquidity efficiency, benefiting both users and the Mode Network.
*Community Engagement:
- We’ll be running Twitter campaigns, AMAs with protocol founders & notable defi influencers, and referrals to engage the community and raise awareness of our new features. Through these efforts, we’ll educate users while promoting dex, automated liquidity management with A51, driving more adoption and engagement on SwapMode & Mode Network.
Contact Information:
admin@swapmode.fi
discord - @madrid22
tg - @degenayush