Question 1

What is Mode (MODE)?

Accepted Answer

Mode (MODE) is a Layer 2 blockchain built on the OP Stack, designed to integrate artificial intelligence (AI) with decentralized finance (DeFi). The project introduces the concept of AI-powered finance (AiFi), where autonomous AI agents interact with smart contracts to optimize liquidity, execute trades, and conduct on-chain audits. Mode aims to scale DeFi to billions of users by providing a low-cost, high-efficiency infrastructure within the Optimism Superchain ecosystem.

Mode leverages **Optimism’s Bedrock upgrade**, which significantly reduces transaction fees—over **95% lower than Ethereum mainnet**—making it an efficient environment for DeFi applications. It also supports AI-driven automation, allowing intelligent agents to manage financial operations autonomously, from market-making to lending strategies.

Question 2

What is Mode (MODE) used for?

Accepted Answer

Mode provides a **scalable, low-cost** environment for AI-driven DeFi applications. The network is designed to support various use cases, including:

- **DeFi Automation**: AI agents can monitor liquidity pools, adjust positions based on market conditions, and execute trades across decentralized exchanges (DEXs).  
- **Smart Contract Auditing**: AI performs real-time security analysis on smart contracts, detecting vulnerabilities and ensuring safe protocol interactions.  
- **Yield Optimization**: AI-driven yield strategies automate staking and farming to maximize returns with minimal user intervention.  
- **Cross-Chain Liquidity Management**: Mode enables seamless movement of assets between chains, allowing AI to optimize liquidity provisioning.  
- **Governance and Incentives**: The **MODE token** is used for governance, rewarding liquidity providers, and funding ecosystem growth.

Mode also integrates AI frameworks such as **Eliza** and **GOAT (Great Onchain Agent Toolkit)**, enabling automated decision-making and execution across DeFi protocols.

Question 3

Who created Mode (MODE)?

Accepted Answer

Mode was founded by **James Ross** in July 2023. Ross has experience in Web3 startup growth, marketing, and AI-driven product development. Before Mode, he was co-CEO of Hype, a 150-employee agency focused on blockchain and Web3, and the founder of **agency0x**, a DeFi growth consultancy acquired by Hype. He has also served as an advisor at Hashflow and was involved with fintech and AI startups, including Heidi, which was acquired by Tail. Ross holds a degree in **Economics and Philosophy** from the **University of Sussex**.