Standard Protocol Launches on Mode Network
Standard Protocol comes to Mode Network to usher in a new chapter of cooperative growth, equitable innovation, and unmatched transparency, setting a new standard for DeFi engagement and community empowerment.
We are excited to announce that Standard Protocol is now part of Mode Network, a significant leap forward in our vision for a transparent, equitable DeFi ecosystem. This collaboration is not just a technological alliance but a shared commitment to reshaping the financial landscape to be more inclusive and user-focused.
Since our initial launch on Ethereum and Polygon in April 2021, Standard Protocol has continually evolved, transitioning from a basic DeFi Swap protocol to a comprehensive Orderbook DEX infrastructure. Our journey has been guided by valuable community feedback, leading us to this significant integration with Mode Network. We were highly attracted to the Mode team’s extensive experience and their focus on Cooperative Game Theory, which promises to enhance the DEX with great community involvement and feedback, enriching the user experience.
“Bringing Standard Protocol to the Mode Network marks a milestone in our growth, our roadmap, and our journey toward an empowered and transparent DeFi ecosystem. Mode’s expertise in Web3 innovation complements our vision for more inclusive, fair, and transparent products in DeFi.” — Hyungsuk Kang, Founder, Standard Protocol.
Why Mode Network?
Standard Protocol’s partnership with Mode Network signifies a strategic pivot towards a cooperative DeFi future. Mode Network, at the forefront of Ethereum Layer 2 solutions, is not just a technological advancement but a new paradigm for human coordination and economic systems. By joining forces with Mode, which operates within The Optimism Superchain — a collective of Layer 2 blockchains — we are embracing a future where cooperation, rather than competition, is the key to growth. Our enthusiasm is palpable as we anticipate learning from Mode’s approach to enrich Standard’s ecosystem beyond 2024.
What is Standard Protocol?
Standard Protocol is a DeFi platform, a decentralized Robinhood, tailored for both casual DeFi users and professional traders. It emphasizes fairness and transparency, offering peer-to-peer trading where smart contracts secure tokens. The platform is enhanced with smart tools to provide a seamless DeFi trading experience, including zero slippage. Our expansion onto Mode Network will introduce a suite of sophisticated trading features and enhance cross-platform interactions to ensure unparalleled security and interoperability.
Looking Ahead: Our 2024 Roadmap
Our roadmap for 2024 is bold and ambitious, building on the successes of 2023, including the Linea launch, our expanding Ambassador Program, and our triumph at NAVHack23. Highlights for the coming year include clinching the Mode Hackathon title, earning the distinction of Hackernoon’s Startup of the Year in South Korea, broadening our Ambassador Program in Asia, and a major UI/UX redesign. The launch on Mode Network is a cornerstone of our strategy, promising a more intuitive and expansive DeFi ecosystem for our users.
Dive into our Roadmap for more exciting updates.
Mode Launch Promotion
To mark this grand occasion, we’re hosting a Storytelling Contest on the Mode Network, open to all, featuring a grand prize pool of 1000 USDT. The contest runs from February 1st to March 1st, 2024, with winners announced on March 15th. Judging will be based on creativity, engagement, and alignment with Standard Protocol’s vision.
For contest details and more, visit our Storytelling Contest article, Here.
The stage is set, and the audience awaits — will your story captivate us all?
About Mode Network:
Mode is an Ethereum Layer 2 solution designed to foster a collaborative on-chain environment, enabling developers to deploy applications and infrastructure with ease. It aims to empower its community by sharing sequencer fee revenues and offering referral fees, leveraging Optimism’s Bedrock upgrade for over 95% lower fees than Ethereum. Mode encourages ecosystem growth through revenue-sharing incentives, promoting cooperative development within the Optimism Superchain ecosystem.
To learn more visit: https://www.mode.network/
About Standard Protocol:
Standard Protocol represents the future of decentralized finance (DeFi). Our platform empowers individuals with self-sovereign finances and offers a suite of decentralized applications (apps) that leverage blockchain technology to provide a wide array of financial services. We believe in fairness, transparency, and inclusivity, and our mission is to create a decentralized and inclusive financial ecosystem that benefits all participants.
To learn more visit: https://www.standardweb3.com
