Bittime - Mode, an Layer 2, announced the launch of Staking v1.2. This latest staking program offers attractive prizes for users in the form of Optimism (OP) tokens. A total of 200,000 OP tokens will be allocated for this program, with distribution details of 20,000 OP per week for 10 weeks.
What is the Staking v1.2 Mode Feature?
Through Staking Mode v1.2, users can stake $MODE tokens and get prizes in the form of OP tokens. The amount of rewards users receive will depend on the duration and amount of $MODE tokens they stake.
Users can view the estimated Annualized Percentage Rate (APR) for staking $MODE as well as the overall points increase via the Mode dashboard. Access to the Mode dashboard can be done via the official Mode website.
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Claim OP Token Reward Every 7 Days
OP tokens obtained from staking can be claimed every 7 days on OP Mainnet. Contracts for claiming staking rewards on OP Mainnet will be available on the Mode dashboard within 7 days of the launch of Staking v1.2.
OP rewards are given on OP Mainnet because this is the main network for OP tokens. As a key member of Superchain Optimism, Mode has received a grant from OP aimed at providing incentives to the community.
Stake and Unstake $MODE
Additionally, users can easily stake and unstake $MODE via the Mode dashboard. However, it should be noted that there is a 7 day cooldown period when users unstake assets.
Users who have staked $MODE also do not need to take additional actions to get OP rewards because they automatically get OP rewards. So, users only need to claim the reward.
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Advancing DeFi on Superchain Optimism
The launch of Staking v1.2 is a form of Mode's commitment to advancing the DeFi ecosystem on the Optimism Superchain. By offering OP rewards, Mode hopes to encourage user participation and overall platform growth.
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How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
MODE Price Prediction: Will it Reach $2 in 2024?
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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