Mode Yield Accelerator opens applications, offers $10 million in funding

Mode, a Layer2 network built on the OP Stack, announced that Mode Yield Accelerator has opened registration with an application deadline of April 21st. Mode Yield Accelerator aims to promote the growth of Mode's native projects, especially those focused on revenue and DeFi infrastructure. The accelerator will run until the end of June 2024. Its incentive measures include $10 million in funding from the Mode Angel Network, Mode "DevDrop 1" (5% of the total token supply, distributed monthly based on various on-chain metrics), and points from technical partners (Goldsky, Pyth, thirdweb).