Revolutionizing Governance Participation: Web3 Packs Introduces Governance Packs on MODE

4 min readOct 19, 2024

We’re excited to announce the launch of Governance Packs, the latest addition to our Web3 Packs series, designed specifically for the MODE ecosystem.

Unpacking Governance Packs: Your Gateway to MODE Ecosystem Participation

Governance Packs offer a unique and streamlined approach to entering the MODE ecosystem, participating in its governance process, and engaging with Season 3. These packs combine carefully selected assets to provide users with immediate exposure to MODE’s governance mechanisms and ecosystem dynamics.

Let’s take a look inside the Governance Pack:

48.5% MODE: The native token of the MODE ecosystem
48.5% MODE <> WETH BPT (80/20): Liquidity provider tokens for the MODE/WETH Balancer Pool.
3% IONX: The governance token for the Charged Particles Protocol

This balanced composition allows users to:

Participate directly in MODE governance
Contribute to ecosystem liquidity and earn rewards through Balancer Pool Tokens (BPT)
Stake and earn on both MODE and MODE BPT
Engage with the Web3 Packs and Charged Particles ecosystem via IONX

Simplifying Onboarding to MODE’s Governance

For newcomers to the MODE ecosystem, Governance Packs offer an unparalleled onboarding experience. Instead of navigating multiple platforms, executing numerous transactions, and grappling with complex staking mechanisms, users can gain a diversified position in MODE’s governance with a single purchase.

These packs are particularly valuable as MODE launches veMODE, becoming the first L2 to implement a vote escrow model for distributing incentives to ecosystem apps. This upgrade to MODE’s staking module introduces several key benefits:

Community-directed incentives with flexible distribution
Increased voting power over time for staked assets
Ability to use both MODE and MODE/ETH Balancer Pool Tokens (BPT) for voting

Supercharging Participation in MODE’s Season 3

Governance Packs are perfectly timed for MODE’s upcoming Season 3, which introduces exciting new features:

Six two-week epochs for gauge voting, distribution, and $OP claims
Increasing vote power & available incentives for distribution each epoch
Separate allocations of incentives for MODE and MODE/ETH 80/20 BPT
Opportunity to claim $OP rewards for voting

By purchasing a Governance Pack, not only do you get instant access to MODE’s Governance system, but you will also earn Web3 Packs OP Rewards every single Epoch. Stay tuned for more details about Web3 Packs OP Rewards and our Referral Program coming very soon.

The Power of Composability

For DeFi veterans, Governance Packs offer a convenient way to establish a significant governance position quickly. They provide instant diversification and reduce the gas costs associated with acquiring and managing multiple assets separately.

By packaging tokens and LP positions into easily tradable NFTs, we’re not just creating a new product — we’re fostering a more interconnected and efficient ecosystem. This composability leads to:

Streamlined onboarding for newer users from the Superchain
More efficient price discovery for governance positions
Novel strategies for participating in and influencing protocol development
Unprecedented opportunities for collaboration between projects in the MODE ecosystem

Join the Governance Revolution

Whether you’re new to decentralized governance or a seasoned participant, Governance Packs offer an exciting new way to engage with the MODE ecosystem. They represent not just a product, but a philosophy — one that believes in making decentralized governance accessible, efficient, and impactful for all.

Get your Governance Pack today and be at the forefront of shaping the future of the MODE ecosystem. Together, we’re not just participating in governance; we’re redefining it.

BUY A GOVERNANCE PACK HERE

Join us in revolutionizing decentralized governance. Get your Governance Pack now and become a key player in MODE’s exciting journey.

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