Mode has launched Mode Yield Accelerator, which will provide $10 million in funding.

ChainCatcher news, the Layer2 network Mode built on OP Stack announces that the Mode Yield Accelerator is now open for registration, with the application deadline set for April 21.

It is reported that the Mode Yield Accelerator aims to promote the growth of Mode's ecosystem native projects, with a particular focus on projects related to yield and DeFi infrastructure development. The accelerator will run until the end of June 2024.

In addition, its incentives include $10 million in funding from the Mode Angel Network, Mode's "DevDrop 1" (5% of the total token supply, distributed monthly to projects based on various on-chain metrics), and points from technical partners (Goldsky, Pyth, thirdweb), among others.